Economy

Petrol price hits N617 per litre amid subsidy removal

The price of Petrol has increased to about N617 per litre, NEWS FLASH has learnt.

A visit to an NNPC filling station in the Central area of Abuja by this reporter confirmed that the fuel price has now been adjusted from N539 to N617 per litre.

Another Customer who confirmed this development simply said “It is true, I just bought at N617 per liter,”

The immediate reason could not be ascertained but it is not unconnected to the recent projections by oil marketers that fuel price will hit N700 per litre soon.

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NDMPRA) is yet to comment to enquiry as at the time of filling this report.

More details to follow…

(Daily Trust)

Raufu Musliyu

Raufu Musliyu is the Editor-in-Chief of News Flash Media Service. He is a PhD Student of Al-Hikmah University, Ilorin in the field of Mass Communication. Musliyu holds Masters of Science (M.Sc) Degree in Mass Communication majoring in Public Relations/Advertising. He also holds Bachelor of Science (B.Sc) and Higher National Diploma (HND) in Mass Communication. The Editor-in-Chief also bagged Post-Graduate Diploma (PGD) in Public Relations. He is an Associate of Nigeria Institute of Public Relations (NIPR) and Advertising Regulatory Council of Nigeria (ARCON). Musliyu is the Head of Corporate of Affairs & Administration of Abdulrauf Jimoh & Co.

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