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.

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