The PUNCH: Nigerian National Petroleum Corporation has reportedly suspended the sale of Premium Motor Spirit – popularly called petrol – to independent marketers after it hiked the product’s price on Tuesday. This is even as three vessels berthed at the Apapa, Lagos jetty on Wednesday to discharge imported petrol. The price hike sparked a protest in Delta State as commercial tricycle operators, also known as ‘keke’ riders, took to the streets of Warri and Effurun metropolis to resist the price hike.
Vanguard: The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Lagos Chamber of Commerce and Industry, LCCI, and Nigerian Employers Consultative Association, NECA, among others, yesterday expressed concern over the impact of the latest petrol price increase on jobs and the economy.
The Nation: The expectation that queues at filling stations would dissipate after the sudden hike in petrol prices on Tuesday was dashed yesterday. Across major cities such as Lagos, Abuja, Kaduna, Ibadan, Warri, Jos and Port Harcourt, motorists spent hours at stations waiting to buy petrol – which was unavailable in most places. Commuters were stranded, many of them unable to leave the bus stops for their respective designations.
Daily Trust: The latest hike in the price of petrol has pushed up transport fares by over 50 percent in major cities across Nigeria, findings by Daily Trust have revealed. The newest price hikes, implemented by the Nigerian National Petroleum Company’s (NNPCL) Retail Management, range from N855 to N897 per litre, depending on the location, from the previous N568-N617.
