SaharaReporters observed that the increase which comes amid the much-awaited roll out of petrol by Dangote Refinery, has sparked outrage as transport fares have doubled their fares, worsening economic situation in the country.
Barely 48 hours after the hike in the price of Premium Motor Spirit (PMS), popularly called petrol from N568 per litre to N898 per litre, petrol stations in Enugu State are now selling the product for as high as N1,200 and N1250.
SaharaReporters observed that the increase which comes amid the much-awaited roll out of petrol by Dangote Refinery, has sparked outrage as transport fares have doubled their fares, worsening economic situation in the country.
Checks by SaharaReporters show that filling stations have adjusted their pump price to N1,200 while so many stations have been closed.
Techno Petrol Station, Pinnacle Oil & Gas, Master Energy and other petrol stations are currently selling petrol at N1,200 per litre in Enugu.
Only NNPCL petrol station on Ogui Road and along Enugu-Abakaliki expressway were selling the product at N870 on Thursday when our correspondent visited.
Meanwhile, the unprecedented hike in the pump price of petrol has led to the doubling of transportation cost in the state.
SaharaReporters survey on Thursday shows that Emene to Abakpa Junction which used to cost N200 is now N400. Ogui Junction to Obiagu which used to cost N150 is now N250/300. Obiagu to Abakpa which used to be N250 is now N450. Eke Obinagu to Old Park which used to cost N400 is now N550/600.
Some drivers who spoke to SaharaReporters lamented the increment, describing it as unacceptable.
“The government has yet to pay the N70,000 minimum wage, yet the whole thing has been eaten by fuel prices,” a driver said.
SaharaReporters reported on Wednesday that the recent adjustment in petroleum pump prices by the Nigerian National Petroleum Company Limited (NNPC) had precipitated widespread anxiety and consternation throughout Nigeria.
Specifically, calculations reveal that the N70,000 minimum wage would only suffice to purchase a meager 82 litres of petroleum, assuming a cost of N850 per litre, as stipulated by the NNPC’s revised pricing structure.