The pump price of premium motor spirit (PMS) also known as petrol has been increased by the Federal Government to N212.61 per litre.
Due to the latest increase, Nigerians lamented the increase will affect the prices of goods and services, which will inflict another round of hardships on Nigerians.
The pump price of the Premium Motor Spirit (PMS), according to the Petroleum Products Pricing Regulatory Agency (PPPRA) in its March template, is N212.6 per litre.
While the Federal Government has insisted through the Nigerian National Petroleum Corporation (NNPC) that there will be no petrol price hike in March, the expected ex-depot price is N206.42 while the landing cost is N189.61 for the month of March, 2021.
Reacting to this, millions of Nigerians took to the micro blogging sites on Friday, (Twitter) and (Facebook) to condemn the price hike.
Social media influencer, Aproko Doctor said, “Food prices before now have been out of reach for many Nigerians then you add #FuelPriceHike on top of it which will further drive up prices of things across the board.
“Yet, the average Nigerian’s earning has not increased… How exactly do we want to bring people out of poverty?
Another user, Ife Chuk said: “We woke up this morning only to see fuel price at N212 per litre. Before 2023, you may wake up to see the Chinese people coming to occupy your properties as collateral.
Odunlade Adekola tweeted: “Waking up to #FuelPriceHike @ N212 is very bad news. I urge the Buhari led administration to reverse this. We are suffering enough already”