@csrf
NNPC Retail Station

31.05.2023 news VIDEO: Customers Refuse to Enter Fuel Station as NNPC Raises Price to ₦511/Ltr in Port Harcourt

Published 31st May, 2023

By Daniel Ojukwu

Residents of Port Harcourt, the Rivers State capital, have refused to purchase fuel at the Nigerian National Petroleum Company (NNPC)’s published price of ₦511 per litre.

In a video seen by FIJ on Wednesday morning, cars were parked outside the NNPC station at Lagos bus stop, Port Harcourt.

Vehicles remain outside despite the station’s gates remaining open to welcome customers.

The NNPC price board reads ₦511 for petrol and ₦745 for diesel.

FIJ spoke with Mosopeuluwa Cole, a resident of the area, who confirmed the development. Cole said she went out earlier in the day at about 8 am and learned the price was ₦510.

READ MORE: REVEALED: Reasons Queues Are Returning to Fuel Stations

She said she later learned the price had increased by one naira.

“I went out this morning to the Eleme area of Port Harcourt and saw long queues outside the filling stations,” Cole told FIJ. “At that time, NNPC was selling for ₦510 per litre.

“Now, people are not buying; they are just outside the stations because the price is too much.”

FIJ obtained an updated list of fuel prices as published by NNPC. The state with the cheapest petrol pump price per litre was Lagos with ₦488, while Borno and Yobe states had the highest unit price of ₦577. The prices take effect from May 31, 2023.

Updated NNPC price list
Updated NNPC list

This comes two days after President Bola Tinubu announced the expiration of fuel subsidy.

Tinubu, in his inaugural address to the country, said there was no provision for subsidies in the country’s 2023 budget, and thus, “Subsidy is gone”.

READ ALSO: JUST IN: NEC Suspends Fuel Subsidy Removal

His pronouncement sparked reactions as Nigerians began flooding fuel stations to buy fuel before prices went up.

The panic buying, according to members of the Independent Petrol Marketers of Nigeria (IPMAN) who spoke exclusively with FIJ, caused a shortage of the product and led to a hike in price.

On Monday, Mele Kyari, NNPC Group Chief Executive Office (GCEO), told pressmen the NNPC had over 30 days’ supply of petrol, and there was no need for panic buying.

He added that the company was the supplier of last resort, and would provide the product if others failed, but while IPMAN is looking to reduce the price before subsidy removal on June 30, NNPC has taken theirs up.

Leave a Reply

Your email address will not be published. Required fields are marked *


Published 31st May, 2023

By Daniel Ojukwu

Advertisement

Our Stories

Brigadier-General Stabbed to Death ‘Repeatedly’ in His Abuja Home

OPINION: Raising the Bar for Press Freedom in Nigeria

Minister Bosun Tijani’s NIN Slip Purchased Online for N100

Adejoke Orelope-Adefulire

After Ojukwu’s Abduction, Orelope-Adefulire Asks FIJ To Pay N100m or Risk N500m Lawsuit

Pius Awoke

After FIJ’s Story, DSS Releases Ebonyi Lawyer Detained Since 2021

Fire outbreak at Christ Embassy

Factory Workers Worry About Possible Spread as Christ Embassy Fire Continues

First Bank

First Bank Customer Debited Twice for Loan Repayment in May Hasn’t Got a Refund

GTB

GTB ATM Held Auto Dealer’s Card, Then N810,000 Left His Account

B-GAG HEALTHY MEDICINE Illegal but Marketed in Nigeria

Nigerian Police

Is FESTAC Police Station Lagos’ Most Notorious? Its Atrocities Date Back to 2006

Advertisement