This is four percent higher than the N540/litre it sold last week — and about a 30 percent increase in the two weeks.
“Nigerians have lamented over the increase in the price of diesel and the current fuel scarcity.
This is as the federal government and the Nigerian National Petroleum Corporation have failed to find a solution to the lingering crisis.
The price of diesel has now skyrocketed to around N625 per litre forcing people to complain on social media.
According to TheCable, this is four percent higher than the N540/litre it sold last week — and about a 30 percent increase in the two weeks.
The development is coming amid fears that the United States and its European allies will ban imports of Russian crude.
See reactions below:
One Instagram user, maestro_makeover wrote; “This is what happens when a country doesn’t plan for the future. If our refineries were all working perfectly, this wouldn’t affect us. It is well”
One the_kk_collections wrote; “Nothing in this country is working. Like nothing at all and it’s so sad
How are people expected to cope?”
liz_world25_ wrote; “Things are getting worse everyday… Nigeria my country … No wonder Nigerians in Ukraine doesn’t want to come home.”
One wrote; king_adonii wrote; ‘Nigeria is not ready for hyper inflation coming’
One majinfotek_ng wrote; ”Oh my God ! Father have your way! From food to gas to petrol now diesel”
It would be recalled that on Monday, March 7, global oil prices hit their highest level since 2008 at over $130 a barrel before pulling back to trade around $120 a barrel.