Analysing Impact Of Fuel Price Hike On Homes And Businesses

Petrol price is likely to rise again following the decision by the Nigerian National Petroleum Company Limited (NNPCL) to end its exclusive offtake agreement with the Dangote Refinery, allowing other marketers to buy the product directly from the facility.
The current fuel cost was effected in August when the NNPCL adjusted the pump price from N568 to N855 per litre in Lagos, and to almost N900 in other parts of the country.
If this is true that the NNPCL has exited as a middleman in the Dangote Refinery implies that the national oil company will no longer cover the price gap between the facility's price and the selling price to retailers, previously absorbing a subsidy of N133 per litre
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[@chriskewe4238]

But nnpc is still importing petrol from overseas, as at today.

[@olasomigeorge8418]

Who's going to monitor the subsidy regime for trucks bringing foods to the market? The truck owners will see another avenue to smuggle foodstuff to neighboring countries after collecting subsidy from federal government. We need free market economy in nigeria and not socialist government

[@OlawaleOladeji]

We want free market yet we complain that everything is expensive