Petrol Price Update Today, Sunday 24th March, 2024

In response to the recent removal of subsidies, the Nigerian National Petroleum Company Limited (NNPCL) has announced a new petrol price of N617 per litre, a significant increase from the previous N195 per litre.

Starting today, Sunday, March 24, 2024, motorists across Nigeria will encounter varying petrol prices in all 36 states. This adjustment aims to align petrol pricing with global trends while addressing economic challenges post-subsidy removal. CONTINUE READING.....

Here's a summary of petrol prices in selected states:

1. Abia – N687.50 Per Litre:  

   Residents in Abia face the task of adapting to the higher petrol price, affecting their transportation and living expenses.

2. Abuja – N632.12 Per Litre:  

   The capital witnesses a surge in petrol prices, prompting commuters and businesses to reconsider their budgets.

3. Lagos – N663.05 Per Litre:  

   As Nigeria's economic hub, Lagos feels the impact of the petrol price hike on industries and daily commuters.

4. Kebbi – N796.67 Per Litre:  

   Kebbi state experiences one of the highest petrol prices, sparking concerns among residents about its socio-economic effects.

While some states grapple with higher prices, others face slightly lower rates, highlighting the challenges of this adjustment period.

As Nigerians adapt, it's crucial for stakeholders to seek sustainable solutions to ease the burden on citizens and ensure long-term economic stability. Consumers are encouraged to adopt fuel-efficient practices and explore alternative transportation options to mitigate rising petrol costs.

Despite these changes, Nigeria remains resilient, poised to overcome challenges and seize opportunities for growth and prosperity.