Search
  1. Home
  2. West Africa
  3. Nigeria

Petrol prices up 50 percent

    ABIDJAN

    Petrol prices rose by 50 percent in Nigeria on Thursday following efforts by the government to prevent shortages and close a gap between retail charges and production costs.

    The managing director of the state-owned Nigerian National Petroleum Corporation (NNPC), Jackson Gaius-Obaseki, announced in Abuja that the NNPC was now buying a barrel of crude at US $20 compared to US $9 before the hike. Aviation fuel had already doubled before Thursday's announcement, which was made after the NNPC met with major oil wholesalers.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

    Share this article

    Our ability to deliver compelling, field-based reporting on humanitarian crises rests on a few key principles: deep expertise, an unwavering commitment to amplifying affected voices, and a belief in the power of independent journalism to drive real change.

    We need your help to sustain and expand our work. Your donation will support our unique approach to journalism, helping fund everything from field-based investigations to the innovative storytelling that ensures marginalised voices are heard.

    Please consider joining our membership programme. Together, we can continue to make a meaningful impact on how the world responds to crises.

    Become a member of The New Humanitarian

    Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

    Join