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Home»Oil & Gas»Again, NNPC increases petrol price
Oil & Gas

Again, NNPC increases petrol price

VardiafricaBy VardiafricaOctober 30, 2024Updated:October 30, 2024No Comments29 Views
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Nigerians, particularly commuters and motorists, continue to struggle as Nigerian National Petroleum Corporation Limited (NNPCL) filling stations have once again raised petrol prices in Lagos and Abuja.

This marks the third price hike in less than two months, with prices in Lagos rising from N998 to N1,025 per litre and in Abuja from N1,030 to N1,050 per litre.

In Lagos, NNPC retail outlets at Ikeja, Egbeda, Cement, and Dopemu now sell PMS for N1,025 per litre, Nairametrics can confirm.

Similarly, in Abuja, filling stations in Wuse, Kuje, Airport Road, and other areas are now dispensing petrol at N1,050 per litre.

This latest increase comes over a month after the NNPC began lifting petrol from the Dangote Petroleum Refinery’s gantry, following a lengthy period of price negotiations

On September 15, NNPC disclosed that petrol was sourced from the Dangote refinery at N898 per litre. However, the refinery’s management refuted the pricing report, describing it as misleading, though they did not disclose the actual price.

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