The Digest :
The Nigerian National Petroleum Company Limited (NNPCL) has raised the price of premium motor spirit (PMS) at its retail outlets, marking a significant change in fuel prices across the country. This increase follows a similar hike by independent marketers.
Key Points:
- NNPCL increases pump price from N890 to N955 per litre in Abuja.
- Kogi and Nasarawa also see fuel price hike.
- Petrol price rises by N65 per litre.
- Independent marketers raise petrol prices to between N950–971 per litre.
- Increase follows higher ex-depot price by Dangote Refinery (N858 per litre).
- Affected areas include major Abuja retail outlets.
- The price hike raises concerns over its impact on Nigerians.
NNPCL’s fuel price increase mirrors similar adjustments from independent marketers, raising concerns about the broader effects on Nigerians, especially amid the rising cost of living.
