The Nigerian Government has said the decision of the Nigerian National Petroleum Company Limited, NNPCL, to increase petrol price to N1,030 per liter is based on economic realities. The Minister of Information and National Orientation, Mohammed Idris said this on Thursday. The NNPCL had on Wednesday increased fuel pump price to N1030 per liter in the Federal Capital Territory. Reacting to the latest fuel price hike, the minister attributed it to global energy market conditions. He clarified that the NNPCL’s decision was not influenced by the government but by market forces in line with the Pet…