“BREAKING: Tinubu Government Raises Fuel Prices Again—What It Means for Nigerians”

• Price Increase: Petrol prices raised to N1,025 in Lagos and N1,060 in Abuja.
• Previous Pricing: October prices were N1,030 in Abuja and N998 in Lagos.
• Economic Impact: The increase adds to the financial strain on Nigerians amid rising living costs.
• Subsidy Removal: Since the end of the fuel subsidy, prices have surged significantly.
• Public Sentiment: Citizens have dubbed the President “T-Pain” in response to the economic hardships.

In response to escalating economic challenges, President Bola Tinubu’s administration, through the Nigerian National Petroleum Company Limited (NNPCL), has increased the pump price of petrol. The new prices will see residents in Lagos paying N1,025 per litre and those in Abuja paying N1,060 per litre.

Previously, in October, petrol was priced at N1,030 in Abuja and N998 in Lagos at NNPCL stations, while other stations charged between N1,150 and N1,200 per litre. The updated prices were displayed at NNPCL stations in both cities on Tuesday, a decision attributed to prevailing economic conditions that are likely to exacerbate the financial strain on Nigerians, who are already grappling with a rising cost of living.

Since the end of the fuel subsidy was announced on May 29, 2023, petrol prices have surged from N145 to over N1,000, further intensifying the economic burden on citizens. Many have since referred to the President as “T-Pain” (Tinubu-pain) due to the hardships associated with his administration.