NNPC has increased the petrol price to N1K per litre.
Newsone Nigeria reports that the Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets.
This online news platform understands that the petrol price increased to N998 per litre in Lagos, Nigeria’s commercial city, on Wednesday, October 9, 2024, signaling more hardship for Nigerians under President Bola Tinubu.
Newsone recalls that NNPC increased the pump price from N855 per litre set in September 2024.
At the NNPC retail outlets located at Ago Palace Way, Okota, and Second Rainbow at Apapa Expressway, the price of PMS was fixed at N998 per litre.
In Abuja, at Wuse Zone 4, an NNPC retail station sold the product at N1,003 per litre.
Also, private filling stations have started adjusting their prices, with the Mobil filling station at College road, Ogba, adjusting its pump price to that of NNPC.
The petrol price development comes weeks after the NNPC commenced petrol lifting at the Dangote Petroleum Refinery’s gantry after an extended period of price negotiations.
On September 15, the NNPC said petrol was bought from the Dangote refinery at N898 per litre but the Dangote refinery countered the NNPC’s claim, describing it as “both misleading and mischievous”.
A day after, the NNPC announced estimated pump prices based on prices set by the Dangote refinery for its petroleum products, saying petrol will sell for N950 in Lagos and N999 in Abuja, Nigeria’s capital.
In August, no fewer than 17 persons were feared killed in Abuja, Kano, Niger, Borno, Kaduna and Jigawa during the Endbadgovernance protest which was held across the country. The protest was to bring to the attention of the Federal Government to the hardship in Nigeria under the current administration.
