The ruling APC and the presidency on Tuesday, November 18, strongly reacted after new PDP chairman Kabiru Turaki sought help from US President Donald Trump.
NNPC has lowered petrol prices nationwide, with Dangote Refinery claiming that the reductions is a result from its own gantry adjustments not tariff suspension.
The Nigerian National Petroleum Company has confirmed petrol price adjustments in line with market realities, leading to a significant increase in pump price.
The Chief Executive Officer of NNPC, Mele Kyari, has said that the Dangote and Port Harcourt refineries will not force down the price of petrol across Nigeria.
About five Nigerian oil marketing firms have recorded considerable sales in profit as Nigeria removed petrol subsidies, with Seplat and Conoil leading the pack.
An oil marketer has revealed why the pump prices of petrol across Nigeria were hiked immediately after President Tinubu's speech at the inauguration ceremony.
Some Nigerians have hailed plans by President Bola Tinunbu to end petrol subsidy in the country, stating the move is for the interest of Nigeria's economy.
The Nigeria National Petroleum Company Limited (NNPC) has adjusted its petrol prices in three major cities in Nigeria signaling the end of petrol subsidies.
Stakeholders have hinted that the pump price of petrol could go up for as much as N600 per litre if fuel subsidy for the product is removed by the government.
The Nigerian National Petroleum Company has described the recent removal of the petrol subsidy by the federal government as a welcomed development in Nigeria.
Nigerians have opposed the petrol subsidy removal by President Bola Tinubu on Monday, May 29, saying the plan is hasty and would impact Nigerians adversely.
Energy
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