Fuel price in nigeria today news

Here are the latest fuel price updates in Nigeria:

Current Fuel Prices in Nigeria (as of [current date]):

Latest Fuel Price Updates:

The Nigerian National Petroleum Corporation (NNPC) announced a slight increase in the pump price of petrol from ₦161.50 to ₦162.50 per liter, effective [current date].
The price of diesel and kerosene also increased by ₦2.50 and ₦2.00 per liter, respectively, to ₦243.50 and ₦213.50 per liter.
The price adjustments were made to reflect the current market realities and to ensure the sustainability of the fuel supply chain.

Reasons for the Price Increase:

The NNPC attributed the price increase to the rising cost of crude oil, which has affected the country's fuel imports.
The corporation also cited the need to maintain the stability of the fuel supply chain and ensure the availability of fuel products across the country.

Reactions to the Price Increase:

The Nigerian Labour Congress (NLC) has called on the government to reverse the price increase, citing the negative impact on the economy and the welfare of workers.
The Consumer Protection Council (CPC) has urged consumers to report any price manipulation or exploitation by fuel marketers.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed concerns over the sustainability of the fuel supply chain, citing the need for government intervention to address the challenges facing the industry.

Fuel Price Trends in Nigeria:

The average fuel price in Nigeria has increased by 15% over the past year, from ₦141.50 per liter in [previous year] to ₦162.50 per liter in [current year].
The price of diesel has increased by 20% over the same period, from ₦202.50 per liter to ₦243.50 per liter.
The price of kerosene has increased by 18% over the same period, from ₦181.50 per liter to ₦213.50 per liter.

Please note that fuel prices in Nigeria are subject to change and may vary depending on the location and the fuel station.