Headline
Price Of Petrol May Increase In 2022, See Price
The Group Managing Director of the Nigerian National Petroleum Company, Mele Kyari, on Tuesday, hinted that the price of petrol may rise to ₦340 in 2022.
Kyari revealed this during the presentation of the World Bank Nigeria Development Update, November 2021 edition titled “Time for Business Unusual” in Abuja.
According to the GMD of NNPC, fuel subsidy removal would be effected in 2022.
Kyari who spoke on the increase of prices of cooking gas said it was a demand and supply issue as there is a global challenge on the supply of gas and many countries are now threatened by lack of supply in December.
He said: “There will be no provision for it legally in our system, but I am also sure you will appreciate that government has a bigger social responsibility to cater for the ordinary and therefore engage in a process that will ensure that we exit in the most subtle and easy manner.”
JUST IN: FG Again Increases Prices Of Electricity Meters
He further stated that gas is not under any subsidy regime and therefore irrespective of where it was produced, would follow the global trend.
Kyari, however, assured Nigerians that NNPC is working on increasing local production to meet the needs of consumers.
Eid-ul-Adha: FG Announces Public Holidays for Friday, June 6 and Monday, June 9, 2025
NiMet Forecasts 3-day Nationwide Thunderstorms, Rains Starting From Monday
Court Date Set for Senator Natasha Akpoti-Uduaghan in Defamation Case Involving Senate President Akpabio
FG Launches Nationwide Social Housing Project: 77,400 Units to Address Nigeria’s Housing Deficit
Onanuga: Tinubu’s Economic Policies Will Soon Lower Cost of Living for Nigerians
2025 Arafah Sermon to Be Broadcast in Hausa, Yoruba, Fulani and 34 Other Languages by Saudi Arabia
Matheus Cunha Joins Manchester United in £62.5m Transfer from Wolves
Bomb Explosion at Borno Bus Stop Claims Nine Lives, Many Injured
Governor Makinde’s Administration Supports Oyo Workers with Subsidised Festive Commodities
Presidential Metering Initiative to Roll Out Seven Million Smart Meters Nationwide
-
Headline1 week agoFG to Sell Emefiele’s 753 Duplexes to Nigerians, Experts Question Affordability
-
Headline7 days agoPDP NEC Meeting Postponed Again as Internal Crisis Deepens; Governors, BoT, and Saraki Panel to Meet
-
Headline1 week agoNorth-Central APC Forum Endorses Tinubu and Mutfwang, Adopts Green Cap Movement for 2027
-
Entertainment1 week agoAmerican Singer, Billy Joel Diagnosed With Brain Disorder
-
Headline1 week agoInternal Tensions Surface in ADC as It Becomes Platform for Anti-Tinubu Coalition
-
Headline1 week agoUCL 2025/26: 27 Clubs Secured Qualification Spot Already (FULL LIST)
-
Headline6 days agoChildren’s Day 2025: President Tinubu Calls for National Unity Against Bullying, Reaffirms Child Welfare Priorities
-
Headline4 days agoOgun Athletes’ Protest Over Allowances at National Sports Festival Deemed ‘Impatient’ by State Government
-
Headline1 week agoFederal Government Files Defamation Suit Against Senator Natasha Akpoti-Uduaghan; Legal Team Vows to Present Evidence
-
Crime1 week ago[VIDEO]: NDLEA’s Drug Seizure at Lagos Airport Reveals Evolving Trafficking Tactics