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I Warned Nigerians About Buhari – Fayose

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Former Governor of Ekiti State, Ayodele Fayose has reminded Nigerians that he warned them about the incompetence of President Muhammadu Buhari.

The controversial politician said this in a tweet via his Twitter page on Friday, while reacting to the increase in the price of petrol by the federal government.

Naija News had reported how the Muhammadu Buhari-led federal government announced an increase in the pump price of petrol to N212.61 a litre.

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Recall that the federal government had two weeks ago denied plans to increase the petrol price in the country.

But the Petroleum Products Pricing Regulatory Agency (PPPRA) announced late Thursday that the retail price for a litre of petrol for the month will be between N209.61 and N212.61.

According to the PPPRA, the ex-depot price, which is the amount sold by fuel depot owners to marketers, will be N206.42, while the landing cost stands at N189.61 per litre.

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There had been concerns the government, which says it has deregulated the sector and no longer pays subsidy, would raise rates as crude oil prices have seen a rebound in the global market.

The latest increment in pump price expected to impact the cost of goods and services, making it harder for more people to afford food and other basic needs.

Meanwhile, the Nigerian National Petroleum Corporation (NNPC) has insisted that there is no increase in the ex-depot price of Premium Motor Spirit also known as petrol this month.

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In a post on its verified Twitter handle on Friday, the NNPC ruled out any increment in the ex-depot price.

“#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” the agency tweeted hours after the PPPRA released the template.

The PPPRA had announced late Thursday that the retail price for a litre of petrol for the month will be between N209.61 and N212.61.

According to the PPPRA, the ex-depot price, which is the amount sold by fuel depot owners to marketers, will be N206.42, while the landing cost stands at N189.61 per litre.

As of the time of filing this report, the PPPRA has deleted a template released earlier that the new price of petrol has reached N212.6 per litre.