FG quietly approves ₦‎185 per litre as petrol pump price

The Federal Government has quietly approved ₦185 as the new petrol pump price per litre. A source told The Guardian that the approved pump price was communicated to major marketers in a memo early Thursday. Our correspondent gathered that fuel stations in Lagos have started adjusting their pump price to the approved ₦185 per litre.…

An attendant sell fuel to a motorist at filling stations along Lagos Ibadan expressway, on March 3, 2022. – Petroleum-producing nations are reaping extra revenue since Ukraine’s crisis pushed global oil prices above $100 a barrel, but Nigeria, Africa’s biggest crude producer, is struggling with fuel acarcities that are causing traffic snarks in Lagos and other cities

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