In a bid to dodge public condemnations, the Federal Government has quietly approved ₦185 as the new petrol pump price per litre.
A source who craved anonymity made this known to Theliberationnews saying the new price was contained in a memo communicated to major marketers on Thursday.
Corroborating the announcement, Theliberationnews observed that fuel some stations in Lagos have since adjusted their pump price to the approved ₦185 per litre.
The newly approved price comes weeks after there had been nationwide petrol scarcity, leading to long queues in fuel stations since late November 2022.
Although the official pump price was ₦165 per litre many fuel stations sold fuel above ₦200 per litre in Lagos and other parts of Nigeria.
