The Petroleum Regulatory Agency (PRA) announced in a press release today that the price of fuel products will increase effective immediately.
This release was made in the evening hours after widespread speculation of an impending increase, which was fueled by the fact that fuel products were not sold throughout the day, leading to long queues at gas stations.
The new price per liter for petrol, diesel, kerosene, and fuel oil is N25, up from the previous N21.5.
Though this has not been confirmed by any government body, it has been independently confirmed that fuel products are indeed being sold at Nle25 per litre.
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