Angry reactions have started to trail the Federal Government’s announcement of a hike in the retail price of petrol to N212.6 per litre.
The Herald had reported that the Petroleum Products Pricing Regulatory Agency (PPPRA) made the announcement in a petrol pricing template published midnight Thursday on its website.
According to the template, the PPPRA’s recommended retail price of petrol to marketers is between N209.61 and N212.61 per litre.
The document showed that the landing price of the product is N189.61, while the expected ex-depot price, which is the rate at which the marketers get the product, is N206.42.
The announcement came despite assurances given to Nigerians by the Nigerian Petroleum Corporation (NNPC) that the ex-depot price would remain unchanged for March as it had enough products in stock to last 40 days.
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However, this newspaper also reported that the Independent Petroleum Marketers Association of Nigeria (IPMAN) said the PPPRA has not notified the association via its usual memo to increase the retail price of petrol.
Meanwhile, some Nigerians took to social media, especially Twitter, to vent their frustration with the increment.
Read comments monitored by this reporter on Twitter…
I still will not understand a system that believes in suffering for the masses as a government policy. Someone, please educate me. Nigerians shouldn’t be paying more for fuel at this time, amid low minimum wages and other oppressive economic factors.
— Ben Murray-Bruce (@benmurraybruce) March 12, 2021
Transport Fare will go up, Food Prices will go up. Cost of living in general will increase.
Guess what will stay same? Minimum wage and Salaries. #FuelPriceHike
— Stanley KC (@Le_CaptAwesome) March 12, 2021
Petrol was sold 87naira when Buhari came into Govt with the campaign promise of making it N40 per litre
Buhari failed Nigerians in 2015 and same Nigerians voted for him again in 2019,suffer no Dey tire my people,today we will buy Petrol at N212 🤦🏾♂️ #FuelPriceHike
— Dehkunle of Africa 💧🐐 (@Dehkunle) March 12, 2021
Dollar price went up, fuel price also went higher but guess what didn’t… the minimum wage.
The government doesn’t care #FuelPriceHike
— AJ | Adonai (@mrmanhere_) March 12, 2021
Dear Federal Government,
You raised petrol price to N212 per litre as if Nigerians are now richer when, actually, people are already dying of hunger from high food prices.
Why take pride in making Nigeria so miserable? Is this the country you promised?#FuelPriceHike
— First Doctor (@firstdoctorr) March 12, 2021
Everyday Nigerians wake up to heartbreaking headlines; It's either bandits attacked, incompetent officers or the govt took decisions that makes life for Nigerians d!fficult; Why will the Buhari govt encourage a #FuelPriceHike when Nigerians are struggling to survive. This is sad.
— Daniel Regha (@DanielRegha) March 12, 2021
Food prices before now have been out of reach for many Nigerians then you add #FuelPriceHike on top of it which will further drive up prices of things across board.
Yet, the average Nigerian's earning has not increased.
How exactly do we want to bring people out of poverty?
— Aproko Doctor (@aproko_doctor) March 12, 2021
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