The Nigerian National Petroleum Company Limited (NNPCL) has once again raised the pump price of premium motor spirit (petrol) at its retail outlets across the country.
The latest increase marks the second time the state-owned company has lifted the fuel price in just four days.
At NNPCL filling stations in Abuja, including locations in Kubwa, Lugbe Expressway, Wuse Zone 4, and Wuse Zone 5, petrol is now being sold at N945 per litre. This revised price also applies to NNPCL outlets in parts of Nasarawa and Kogi states.
The fluctuation in NNPCL’s retail fuel price coincides with Dangote Refinery’s adjustment of its ex-depot price, which rose to N850 per litre from N820.
Confirming the latest hike, Abubakar Maigandi, National Chairman of the Independent Petroleum Marketers Association of Nigeria, on Friday said, “The latest increase in NNPCL petrol pump was implemented this morning. I cannot tell the reason.”
The recent rise follows a brief reduction just two days earlier when the price dropped to N900 per litre from N955 on Monday, August 4.