Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 12 days ago
- Bias Distribution
- 100% Left
On September 3, 2024, Nigeria's petrol pump price surged from N650 to N855 per litre due to ongoing fuel sector challenges, including rising fuel landing costs and foreign exchange issues. This drastic increase has led to a crippling impact on transportation costs, with many commuters stranded as fares doubled almost overnight. Reports indicate that some stations are charging up to N897 per litre, while black market prices soar beyond N1,000. The government's recent decision to remove fuel subsidies has resulted in a staggering price increase of over 355% since May 2023. Citizens have expressed outrage and frustration over the government's handling of the fuel crisis, calling for immediate intervention to alleviate their suffering. With inflation already at 34.19%, the repercussions of these hikes are expected to ripple throughout the economy, affecting food and service prices.
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 12 days ago
- Bias Distribution
- 100% Left
Negative
20Serious
Neutral
Optimistic
Positive
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