- The PPPRA in the early hours of Friday, March 12, announced a new template putting the price of petrol at N212
- This has drawn heated reactions from Nigerians who are lamenting about the increased hardship the hike will cause
- However, the NNPC has issued a brief statement insisting the there won't be an increase in the ex-depot price of petrol in March
Nigerians on Friday, March 12, woke up to the news that a litre of petrol which used to cost about N162 per litre will now be sold for N212.11 per litre.
This is according to the Petroleum Products Pricing Regulatory Agency (PPPRA)'s projection which is contained in its pricing template for the month of March.
How are Nigerians reacting to this development? Legit.ng collects some insightful reactions on social media.
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JJ. Omojuwa, @Omojuwa, tweeted:
"This conundrum is a design; global oil prices go up, Nigeria’s FX revenue automatically increases due to its oil sales, but on the flip side of that coin, Nigeria’s petrol imports price increase due to the same effect. Because refining oil locally is rocket science #FuelPriceHike"
Aproko Doctor, @aproko_doctor, tweeted:
"Food prices before now have been out of reach for many Nigerians then you add #FuelPriceHike on top of it which will further drive up prices of things across board.
"Yet, the average Nigerian's earning has not increased.
"How exactly do we want to bring people out of poverty?"
Ayò-Bánkólé Akíntújoyè, @AyoBankole, said:
"I recall the now celebrated duo of Okonjo Iweala & SLS at town halls, along with the garrulous & now-infamous Oshiomole, explaining the need for deregulation & subsidy removal. Yet we marched in Ojota. Every #FuelPriceHike since then vindicates GEJ & indicts APC's fraud manifesto"
Sammy Sammy, @scad_official, said:
"Everyday news from Nigeria can make you moonwalk into depression without even knowing. There's absolutely no good news from this clime. 4 refineries here running at losses and we're waiting for Dangote refinery. Thank you Buhari, you're truly doing well.#FuelPriceHike"
Dehkunle of Africa, @Dehkunle, said:
"Petrol was sold 87naira when Buhari came into Govt with the campaign promise of making it N40 per litre
"Buhari failed Nigerians in 2015 and same Nigerians voted for him again in 2019, suffer no Dey tire my people, today we will buy Petrol at N212 Man facepalming #FuelPriceHike"
AJ | Adonai, @mrmanhere_, said:
"Dollar price went up, fuel price also went higher but guess what didn’t... the minimum wage.
"The government doesn’t care #FuelPriceHike"
Nnayi Christmas, @dayveedcody_, said:
"I used to think I was never coming out of depression not knowing it's Nigeria that's the depression just imaging #FuelPriceHike from 162 to 212 like how? my advise, leave that country and find peace where your mental health will be preserved cos na small thing day make person mad"
Lola Okunrin, @lollypeezle, said:
"Let it be known today that PDP is not the opposition party. We the MASSES are the opposition. We oppose the Fuel price Hike and other Anti-Human philosophies under this administration. Buhari is incompetent, let’s match this March against this #FuelPriceHike"
However, the Nigerian National Petroleum Corporation (NNPC) has insisted there is no increase in the ex-depot price of petrol in the month of March.
The NNPC stated its position in a tweet via its official handle sighted by Legit.ng on Friday, March 12.
Nurudeen Lawal is a Legit.ng journalist passionate about fact-checking/verification journalism. He holds a Bachelor of Arts degree in Literature-in-English from Obafemi Awolowo University, Ile-Ife, Osun State. As Politics Editor, Nurudeen mostly writes on Nigeria’s political and socio-economic developments. He has attended different workshops, conferences and training on fact-checking and digital reporting, among others. Learn more about him on Twitter, @Nurudeen Lawal_