The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit, fondly called petrol, at its retail outlets across the country.
The NNPC Limited increased petrol pump price to N955 per litre in Abuja and surrounding areas.
This marks a N65 increase from the previous price of N890 per litre, sparking concerns among commuters and business owners already grappling with the high cost of living.
It was gathered that the NNPC retail outlets also sold petrol for N915 per litre in Lagos — a N50 increase from the previous price of N865 per litre.
A price survey conducted across several NNPC Limited outlets in Abuja – including Central Business District (CBD), Wuse, Berger, and Nyanya – as well as in Mararaba, Nasarawa State, confirmed that the new pricing has taken effect.
However, in AYA in Abuja, MRS filling stations sold fuel at N850 earlier in the day while AA Rano was selling at N920.
At Abacha Road in Mararaba suburb, NIPCO pegged its price at N920, as also is Zamson and AYM Shafa filling stations along the ever-busy Abuja-Keffi Expressway.
At the time of filing this report, NNPCL has not released any statement on the increment, but the decision followed an upward review of the ex-depot petrol price by Dangote Refinery to N858 per litre, up from N820.
