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Petrol Price: Lagos Commercial Bus Drivers Lament Over Low Passenger Turnout

Some commercial bus drivers in Lagos State, on Wednesday, lamented over low number of passengers on the roads as a result of increment in the pump price of Premium Motor Spirit (PMS), popularly known as petrol.


The Nigerian National Petroleum Company Limited in the early hours of Tuesday raised the pump price of petrol in Lagos to N565 per litre. Prior to this time, the national oil firm sold the product at between N484 and N488.


THE WHISTLER recalls that President Bola Tinubu had during his swearing-in in May, announced the removal of subsidy on petrol, leading to full deregulation of petroleum products price in the country.


Giving reason for the current increase on Tuesday, Group Chief Executive Officer of NNPC Limited, Mele Kyari, had attributed it to market forces, adding that there was no shortage in product supply.