Nigeria’s federal government has officially raised fuel price by 8.8 per cent to N185 per litre, from N170 per litre.
The ex-depot price also shot up from N148 per litre to N167.
In a notice to fuel marketers, yesterday, the government directed that the new price should take immediate effect.
However, findings show that many filling stations have been selling far above this new price, a situation which may have made the new price almost unrealistic.
