Nigeria hikes petrol prices as COVID-19 bites budget | Africanews


Petrol prices have risen in Nigeria after the oil-rich nation dumped a controversial petrol subsidy system in the face of a coronavirus budget crunch.

The cost of fuel at the pump has risen by around 15% in recent days, hitting a record high of 162 naira per litre ($0.42), after the government pushed on with deregulation.

“In a virtue of one month the fuel price was increased twice, it’s sad and disheartening, honestly it’s not encouraging,” said Julius Apeh, military personnel.



Source link

Tags:
ACM
About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free