Most filling stations in the Federal Capital Territory have implemented the Premium Motor Spirit (petrol) third pump price hike under President Bola Ahmed Tinubu’s administration.
DAILY POST gathered on Friday that the Nigerian National Petroleum Company retail outlets and independent marketers such as AA Rano, Shema, Ranoil, Total and others have commenced implementation of the third fuel price adjustment.
Analysis by DAILY POST showed that the price had moved from N238 in May 2023 to between N950 and N1,100 per litre in September 2024.
Many Nigerians and motorists now buy petrol between N950 and N1,100 per litre in Abuja, according to a DAILY POST survey on Friday.
This represents an increase of N862 or 362 per cent compared to the N238 per litre of petrol sold in May 2023 when Tinubu was elected.
A resident, Benjamin Njoku, said the latest hike in pump price is the new normal for Nigerians under Tinubu.
“In September only we had two hikes. On September 3, 2024, and this recent one. It is painful. Hike in transportation will jump astronomically,” he said.
Abdul Abubakar, a resident of Niger State, expressed the same frustration.
The price may be higher in states such as Borno, Enugu and Benue states.