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Oil marketers comply with NNPC directive, raise petrol pump price to N179/litre

IN compliance with the Nigerian National Petroleum (NNPC) Limited directive, the oil marketers have increased the pump price of petrol to N179 per litre, from N165 per litre.

In its directive to oil marketers, yesterday, the company had put the new pump price and ex-depot price at N179 per litre and N167 per litre respectively, from Tuesday, July 19, 2022.

This came after weeks of petrol scarcity resurfaced across the country as fuel retailers were adopting different price bands to force unofficial deregulation attempts.

Already, majority of filling stations in Lagos have adopted different price models. While some filling stations have changed the price on their meters to reflect the current price they are selling at, others have left theirs to show the approved retail price of N165 per litre but were selling above the displayed price.

For instance, the Mobil filling station on Agidingbi sold a litre of petrol at N170 per litre on Friday and that was evidently displayed on their meters.

The development was also the same at Enyo filling station at Chisco bus stop, in Lekki, which now sells for N170 per litre, Eterna filling station at Jankade bus stop, Lekki sells at N180 per litre and Mobil Filing station, by Osapa London, Lekki now selling at N170 per litre.


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