Update On Current Petrol Price in Kano, Abuja, Lagos, Kwara, Oyo, and Other Major Nigerian States 2nd March 2024

In May 2023, President Bola Tinubu's administration removed the fuel subsidy, aiming to redirect resources to critical sectors. This decision led to a significant rise in petrol prices, now starting around N615, impacting transportation, goods, and services nationwide.

Petrol prices vary across states, influenced by transportation costs, operational expenses, and market dynamics, creating challenges for Nigerians relying on petrol for various needs. CONTINUE READING.....

Here's a snapshot of petrol prices in selected states:

- Kwara State: N645 – N675

- Oyo State: N670 – N680

- Lagos State: N660

- Ondo State: N640 – N670

- Anambra State: N670

- Abia State: N600 – N650

- Imo State: N680

- Ebonyi State: N670

- Abuja: N650

- Kano State: N640 – N670

The subsidy removal sparked a debate, with some supporting it for economic stabilization and others highlighting its immediate financial strain on the average Nigerian.

Calls are growing for the government to implement measures to ease the impact on vulnerable populations amidst rising living costs. CONTINUE READING.....

As petrol prices fluctuate, the economic repercussions persist, and the government's approach to these challenges remains uncertain.

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