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HomeNewsPetrol Price Surge Looms as NNPCL Grapples with Financial Crunch

Petrol Price Surge Looms as NNPCL Grapples with Financial Crunch

#Zulum238Projects #Term2 Focus: Education (54 Projects) Zulum's 5th year in office, consolidating on sterling 4 years of the first tenure. “1,195 Projects and Counting.” Series on 238 projects in the first year of the second tenure of Governor Zulum.

Amid mounting financial pressures, the Nigerian National Petroleum Company Limited (NNPCL) has hinted at a possible hike in petrol prices.

The state-owned oil giant, struggling to balance its books, admitted to severe financial strain, raising concerns of an imminent price adjustment.

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As Nigerians brace for the impact, industry experts warn that the move could trigger a fresh wave of economic challenges.

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Will the government intervene, or are consumers on the brink of paying more at the pump?

Daily Trust

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