Petrol Price Hiked To 170 per liter

Petrol Price Hiked To 170 per liter.

On Wednesday, the Major petroleum marketers in Calabar, Cross River State capital increased the pump prices of petrol and kerosene in the state.

It was gathered that the pump price of petrol was adjusted from N162-N163 to N172-N173 and N175 per liter.

While speaking to Daily Post, a resident who identified himself as Chief Archibong Ekpe, said petrol station have adjusted their meter to sell at N170-N175.

 “I have never seen this impromptu and arbitrarily adjustment of pump price of fuel. Yesterday, I bought fuel at old price of N163 a liter but today they have adjusted their meters to N170-N175 or more per liter, it’s regrettable,” he stated.

He lamented that the petrol price will go up to N200 per liter before this quarter ends and regretted that it will affect the price of food stuff and other items including transportation.

Speaking further, Ekpe said the marketers will not go back on the old price, rather they will increase it to N200 per liter because they want to milk Nigerians to their tastes.

When contacted via phone on Wednesday, the NUPENG Chairman, Dozzy Nwogwugwu said he was very busy and should back on Monday, “I said call me back on Monday, I am in a meeting about that fuel increase.”

Another marketer who claimed to be Chairman of IPMAN Edet Umana stated that he was still selling his fuel at N165 per liter while others have started selling theirs at N170 and more per liter.

 “I am still selling my own at N165 per liter, President has increased the pump price and we are waiting for directive to fully adjust the pump price,” he stated.