Has There Been An About-Turn on Nigeria's Fuel Price Hike?
The Nigerian National Petroleum Corporation (NNPC) seems to have reversed the government's sudden decision to increase the petrol price, with the Petroleum Products Pricing Regulatory Agency (PPPRA) deleting a post announcing the huge increment in fuel price. The NNPC has repeated its earlier claim that there would be no increase in March 2021. It is not clear whether the decision to delete the post signalled a reversal of the price hike by the government. The announcement of a new price came amid a partial scarcity of fuel that has lingered for weeks, with filling stations clogged by cars queueing for petrol. Labour unions have warned against price hikes after a rebound in oil prices, which has forced the government to keep them unchanged since December 2020. If increased, the new prices are expected to promptly impact on the cost of goods and services, and with inflation at a three-year high, will make it harder for citizens to afford food and other basic needs. Nigerians have already taken to social media with the hashtag #FuelPriceHike to object to the decision, with several people calling for a protest.
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Nigeria:
PPPRA Removes New Petrol Price Post As NNPC Insists No Hike
Premium Times, 12 March 2021
It was not immediately clear whether the decision signalled a reversal of the price hike by the government. Read more »
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Nigeria:
Govt Deceives Citizens, Raises Petrol Price
Premium Times, 12 March 2021
The NNPC said on March 1 there was no plan to raise fuel prices. Read more »
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Nigeria:
NNPC Insists Petrol Depot Price Will Not Increase in March
Vanguard, 12 March 2021
The Nigerian National Petroleum Corporation has insisted that petrol depot price will remain unchanged in March. Read more »
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Nigeria:
Petrol May Sell for N212.61 As PPPRA Releases Price Guide
This Day, 12 March 2021
The pump price of petrol may hit N212.61 per litre any time from now, if the authorities approve the latest price guide set by the Petroleum Products Pricing Regulatory Agency… Read more »
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Nigeria:
Govt Confirms Return of Subsidy, PPPRA Puts Fuel Price At N212.61
Vanguard, 12 March 2021
The Federal Government has officially confirmed the return of fuel subsidy, as the Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, fixed the pump price of Premium… Read more »
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InFocus
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Fuel queues are forming at filling stations across Nigeria over fears of a rise in petrol costs and scarcity, even as the government's Nigerian National Petroleum Corporation ... Read more »
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Nigerians have slammed President Muhammadu Buhari following increases in the price of basics, describing the move as "cruel and callous." The Nigeria Labour Congress has ... Read more »
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Organised labour, consisting of a coalition of the Nigerian Labour Congress (NLC), Trade Union Congress (TUC), the National Union of Local Government Employees (NULGE), ... Read more »
(file photo).