Nigeria's President, Bola Tinubu, has stated that there are no immediate plans to raise fuel prices, despite warnings from oil marketers predicting a third increase in Petrol prices. The current pricing is believed to be sustainable without compromising the deregulation policy. Nigeria's state oil company, NNPC, has also clarified that there is no intention to implement pump price hikes. The country's foreign exchange challenges, which have led to the depreciation of the naira and higher fuel costs, have caused increased expenses for consumers, including elevated transportation fares and rising inflation rates.

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