NNPCL Raises Fuel Price

News Update

THE Nigerian National Petroleum Company Limited, NNPCL, and other filling stations across the country have again increased the price of Premium Motor Spirit, known as petrol, for the second time in barely a week.

VAM News correspondent who went round Abuja gathered that NNPCL retail outlets adjusted their petrol price to N955 per litre on Monday, up from N905.

This was the case at NNPCL retail outlets in Gwarimpa, Kubwa Expressway, and Wuse Zones 4 and 6 in Abuja.

This means that the state-owned oil company has increased fuel by N50, or 5.5 per cent.

The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, confirmed the fresh fuel price hike at NNPCL filling stations.

He, however, did not provide a reason for the latest development.

VAM News reports that other filling stations in Abuja, including Ranoil, AA Rano, and Mobil, have also raised their pump prices to between N920 and N930 per litre.

As of Saturday, MRS filling stations were dispensing petrol at N851 per litre in parts of Abuja; however, retail outlets relying on the Dangote Refinery fuel distribution scheme have been without petrol since Sunday up to the close of work on Monday.

Recall that barely a week ago, NNPCL increased the fuel price to N905 per litre in Abuja.