Fuel scarcity has gripped Nigeria as petrol depots nationwide have increased the price of petrol to N720 per litre.
The sudden price hike has caused widespread concern and long queues at petrol stations, disrupting daily life and economic activities across the country.
This significant increase has left many Nigerians struggling to afford fuel, leading to a surge in transportation costs and affecting the prices of goods and services. Commuters are facing longer wait times and higher fares, while businesses are grappling with increased operational costs.
The Nigerian government and relevant authorities are under pressure to address the crisis promptly. Many citizens are calling for immediate intervention to stabilize fuel prices and ensure adequate supply to prevent further economic hardship.
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Energy analysts suggest that the price hike may be due to a combination of factors, including global oil market fluctuations, distribution challenges, and domestic policy changes.
The situation has sparked widespread debate about the sustainability of fuel subsidy removal and the need for comprehensive energy sector reforms.
As the situation unfolds, Nigerians remain hopeful for swift resolution and relief from the escalating fuel prices.
