Nigerians have taken to social media to express their displeasure over the recent increase in the price of Premium Motor Spirit (PMS), also known as petrol.
The Petroleum Products Pricing Regulatory Agency (PPPRA) in a new monthly template on Friday, said that the price of petrol has reached N212.6 per litre.
According to the template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61.
The expected ex-depot price, as seen in the template, is N206.42, while the landing cost is N189.61.
But few hours after PPPRA made the announcement, the Nigeria National Corporation (NNPC) in a post via its verified Twitter handle said there won’t be any change in the price of petrol in the month of March.
NNPC had earlier stated that petrol price would remain static in March to allow smooth negotiations between the government and labour unions, but the PPPRA template follows the increasing price of crude at the international market as well as instability in exchange rate.
However, Nigerians on Facebook and Twitter, described the government’s action as insensitive. They accused the President Muhammadu Buhari led administration of implementing policies that always make life difficult for the common man.
See reactions below;