In a shocking development, the price of petrol has surged to an unprecedented N950 per liter in several parts of Nigeria, sparking widespread concern and frustration among citizens.
The dramatic price hike, observed in key cities like Lagos, Abuja, and Port Harcourt, has left many Nigerians grappling with the implications for their daily lives.
Long queues at petrol stations have become a common sight, with some stations reporting shortages due to the increased demand.
This price spike comes on the heels of ongoing economic challenges in the country, including the removal of fuel subsidies and fluctuating global oil prices.
Many Nigerians have expressed anger and disbelief over the sudden jump in fuel costs, which they say will exacerbate the already high cost of living.
Transportation costs have also skyrocketed as a result, with commercial transport operators passing the burden onto commuters.
Businesses, especially those reliant on fuel for operations, are feeling the pinch, with some warning of potential closures if prices continue to rise.
The Federal Government has yet to issue an official statement addressing the situation, but industry experts are calling for urgent measures to stabilize the market and alleviate the pressure on citizens.
As the nation grapples with this crisis, many are left wondering how long they can endure the financial strain brought on by the soaring fuel prices.
The situation remains fluid, with more updates expected in the coming days.
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