By Emeka Okafor
The Nigerian government through Petroleum Products Pricing Regulatory Agency (PPPRA) has increased the pump price of petrol to N212.16 per litre amidst the growing economic hardship in the country.
The hike is coming barely two weeks after the Federal Government through the NNPC had consistently debunked plans to increase price of fuel anytime soon in the country.
According to a document by PPPRA announcing the new price said the product will now sell between N209.61 and N212.61 for the month of March.
The document revealed that the product will be sold for N206.42 as ex-depot price (the amount it will be sold by depot owners to marketers).
The further revealed that the landing cost stands at N189.61 per litre.
The new price will further compound the current hardship among Nigerians as some filling station in the Niger Delta region had started selling for N200 per litre for over a week now.