Nigeria’s Fuel Prices Hit New High as Depot Prices Surge
The fuel price in Nigeria has hit a new high of N1,900/litre as depot prices surge despite the Nigerian National Petroleum Corporation (NNPC) cutting its prices by 25%. The Federal Government announced a 30-day discount on petrol sold by NNPC, but this did not help to ease the situation. The government is now negotiating with oil companies to set a