Breaking! Nigeria Federal Government Increases Fuel Price To N185!

The Federal Government of Nigeria has officially increased the price of petrol by 8.8 per cent to N185 per liter, from N170 per liter.

However confirmed reports has it that most of the filling stations have been selling far above this new price and some at even as high as N250 per liter.

The federal government as at yesterday has directed all stake holders that the new price should take effect immediately.

reports gathered as at yesterday is that a few petrol stations belonging to the Major Marketers Association of Nigeria, MOMAN, have already adjusted their pumps in line with the new price directive.

The development caused further anxiety for motorists who spent hours in fuel queues in search of the product.

A source said an internal memo was sent by the government to all marketers, including the Major Oil Marketers Association of Nigeria, MOMAN, and the Independent Petroleum Marketers Association of Nigeria, IPMAN.