Nigerians are expressing widespread frustration and concern as the price of petrol has surged to an unprecedented ₦855 per liter at Nigeria National Petroleum Company Limited (NNPCL) filling stations, particularly in Lagos.
This sharp increase has exacerbated the ongoing scarcity of the commodity, leaving citizens scrambling for fuel and struggling to cope with the rising cost of living.


The issue has sparked reactions across the country, with many taking to social media to voice their displeasure.

Notably, Nollywood actress and activist, Kate Henshaw, shared a video on her platform, lamenting that her driver discovered the new hike while attempting to purchase fuel.

She highlighted the sudden increase by over ₦200 per liter as particularly alarming.

This current crisis comes several years after the All Progressives Congress (APC), now the ruling party, had criticized the previous administration under President Goodluck Jonathan for setting petrol prices at ₦87 per liter.

Back in January 2015, the APC argued that the price of petrol should not exceed ₦70 per liter, accusing the then-government of exploiting Nigerians by forcing them to subsidize corruption in the oil sector.

The APC’s statement from 2015, released by Lai Mohammed, described the reduction of the petrol price from ₦97 to ₦87 as mere “tokenism” in light of the significant drop in global crude oil prices.

The party argued that even at ₦87 per liter, Nigerians were overpaying for petrol, subsidizing inefficiencies and corruption in the oil industry.

Now, nearly a decade later, the reality of petrol prices exceeding ₦800 per liter is causing widespread distress, with many citizens questioning the government’s handling of the oil sector and its impact on the economy.

APC at the time stated, “When crude oil was selling at 100 dollars per barrel, the landing cost of PMS without subsidy was 125 Naira per litre. Now that the oil price has crash to about 44 dollars per barrel, landing cost without subsidy is about 65 Naira per litre. The same goes for diesel which should not sell for more than 90 Naira per litre.

“While governments of countries which are not as economically endowed as Nigeria have reduced the pump price of fuel as far back as early January 2015, Nigeria that is the world’s sixth largest producer of oil is just announcing a price slash that is far below those countries.

“Early this year, Zambia slashed the price of petrol by 23 per cent while Tanzania reduced the pump price of the product by 16%. In the US, which until recently was importing crude oil from Nigeria, the price of fuel has fallen for 113 consecutive days as of January 16. Therefore, the 10.3% price slash in Nigeria is too meagre too late.”

Fast forward to 2024, petrol sells for over ₦1000 in some states currently due to scarcity.

https://reubenabati.com.ng/feature/flashback-petrol-should-never-cost-more-than-70-per-litre-apc

APC promises?

We warned you people.i don't take the promises of people who their past is dirty serious.

We warned you that allowing this government to get in will be the greatest suffering you will see in this life. Wait till the next 6 years, people will be eating grass in this country, if herdsmen even allow you.

Tinubu don scam them.

Babablu bulabu.

Ojota protesting Idiots

Dragging Nigeria backwards 50 years

Regional bastards

TemplarLandry:
Whose fault is it that PDP doesn't know how to effectively play the role of opposition party? Start from their spokesperson, how sound is he?

No party in the history of Nigeria has ever effectively played opposition role like our great party the APC.

Are you okay?

How is playing opposition related to fuel at 1,200?

You want PDP to play it’s own and fuel gets to 5,000

The stupid opposition APC played where has it led us to?

How do you guys reason abeg

TemplarLandry:
Whose fault is it that PDP doesn't know how to effectively play the role of opposition party? Start from their spokesperson, how sound is he?

No party in the history of Nigeria has ever effectively played opposition role like our great party the APC.

APC Played opposition effectively but performed woefully in power becoming the worst regime in the history of this country

..Apcshit..

That is the coven of demonic fiends called the APC for you. They are masters of lies, deceit, half truth, falsehood and propaganda. It will never be well with these gangs of bloody hypocritical liars and deceivers.

We already know this that is why obi said he wants destroy structure of criminality yet alot of people are still mocking up till while living as a refugee in your own country.

Anyone believing in this country ought to be given Stephen's treatment

When we told them that Tinubu is a born fraudster, they attacked us and said we're tribalistic, now see what their fooolishnesss has landed them into.
If they can't anything from this regime, they will never learn again,,

Lol.

Didijiji:
Are you okay?

How is playing opposition related to fuel at 1,200?

You want PDP to play it’s own and fuel gets to 5,000

The stupid opposition APC played where has it led us to?

How do you guys reason abeg

Because everything to them na politics.. They don't know that real people are affected by govt policies and this people are mostly poor and the same people they tees politics 5o deceive.. An average apc supporter is very stupid, to them it's all about winning even if there kids or parents are suffering
.

Dear Jagaban lovers,

What is the progress update on Tinubu’s eight point agenda he promised Nigerians in 2023? This is over one year now. How far?

1. food security;
2. poverty eradication;
3. growth,
4. job creation;
5. access to capital;
6. inclusion;
7. rule of law; and
8. fighting corruption

https://punchng.com/translating-tinubus-8-point-agenda-to-recovery/?amp

What about the 50 million jobs promised between 2023 to 2026? How many has Tinubu and his government created? Hmmm?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

Nigerians should stop being dramatic. The price of petrol would crash soon

The price of petrol will eventually settle at a price that will be convenient for most Nigerians. We have to be patient and allow the market forces operate.