Fuel price in Nigeria is now ₦617 per litre
The Fuel price in Nigeria has been increased to N617 per litre, Ejes Gist News Nigeria can authoritatively confirm.
According to reliable sources, the fuel price in Nigeria has surged to approximately N617 per litre, as confirmed by Ejes Gist News Nigeria.
Read Also Official Naira to Dollar exchange rate today July 18 2023
A firsthand investigation conducted by our reporter at an Nigerian National Petroleum Company Limited (NNPCL), filling station in the Central area of Abuja verified the adjustment in fuel price, which has risen from N539 to N617 per litre.
Further corroboration came from a customer who affirmed the development, stating, “It is true, I just bought at N617 per liter.”
Read Also Black market Naira to dollar, Pound and Euro exchange rate today, July 18, 2023
While the immediate cause of this increase remains unclear, it is believed to be linked to recent projections made by oil marketers, who anticipate the fuel price to reach N700 per litre in the near future.
As of the time of this report, the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NDMPRA) has not provided a comment in response to Daily Trust’s inquiry.
Read Also Popular Catholic Priest to Tinubu: This Is Penny-Wise, Pound-Foolish Economics
More details will be provided on fuel price in Nigeria as they become available.