Fuel Price Hike And Scarcity Trail Tinubu’s Subsidy Removal Announcement
Channel: Plus TV Africa
Date: 02/06/2023

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In a knee-jerk reaction to the confirmation of fuel subsidies removal by President Bola Ahmed Tinubu’s administration, marketers and operators have increased petrol pump prices to N500 per liter.
In his inaugural speech on Monday, the President said since the immediate past President, Muhammadu Buhari, did not budget for fuel subsidies in the second half of the year, the payment is gone for good.
In Lagos, the sharp increase in fuel pump price is almost 100 percent as Lagosians purchase the product for N500/per liter from 180/per liter.
These price changes happened less than six hours after Tinubu’s announcement during his inaugural speech at Eagle Square, Abuja.
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