The NNPC insists current pricing is unsustainable and blames foreign exchange rates and global oil prices.
Shortly afterwards, on September 15, the NNPC started lifting petrol from the Dangote Refinery as the exclusive off-taker of the product.
Reports indicate that the NNPC lifted approximately 103 million litres of petrol from the Dangote Refinery between September 15 and 30.
Speaking on the price hike, Tunji Adewunmi, a social commentator, told Legit.
ng that Nigeria's recent petrol price hike continues to strain citizens, raising concerns about inflation and the cost of living.
He said:"The recent fuel scarcity and subsequent hike in pump price by the NNPC indicates a rising inflation rate ahead.
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