Nigeriaβs Dangote Refinery has announced another increase in the price of petrol, raising the cost to β¦1,175 per litre. This marks the third price hike within a single week, sparking concerns over the rising cost of living for Nigerians.
The refinery cited ongoing operational costs and market factors as reasons for the increase. Analysts warn that repeated hikes in fuel prices could have a ripple effect, leading to higher transportation and commodity costs across the country.
Consumers and businesses are bracing for the impact, as previous increases have already strained household budgets and business expenses.
The National Petroleum Regulatory Authority has yet to comment on the latest adjustment.
Welcome to KjtsonBlog, your trusted source for Nigerian celebrity news, Naija entertainment updates, and trending news in Nigeria. Stay connected to the latest gist, events, and stories across Naija and worldwide.