Nigerian state oil firm the Nigerian National Petroleum Company Ltd has increased the price of petrol by 11-percent which is the second increase in two weeks.

The increase came a day after it started purchasing the fuel from the giant Dangote oil refinery. Nigeria expects the 650 thousand barrels per day refinery to end years of imports of gasoline, which had been subsidised for decades until President Bola Tinubu began removing support when he took office in May last year.

The price of gasoline is a sensitive issue in Nigeria because many households and small businesses use it to power generators because the majority of citizens are not connected to the national electricity grid. To discuss this further is Adeola Adenikinju, Professor of Economics at the University of Ibadan and the President of the Nigerian Economic Society..