The Nigerian National Petroleum Company (NNPC) Limited has raised the pump price of petrol to ₦915 per litre in Lagos and ₦945 in Abuja, sparking fresh concerns among consumers and industry stakeholders.
The new pricing, which took effect Monday, represents a ₦45 hike from the previous ₦870 per litre in Lagos, and a ₦35 increase from ₦910 in Abuja, respectively.
According to The Cable, a visit to several NNPC retail outlets revealed immediate compliance with the revised price structure. At the Fin Niger NNPC outlet on Badagry Expressway, petrol was sold at ₦915 per litre, a rate also mirrored at the company’s Igando station.
