Exclusive! NNPC Approves Petrol Pump Price Hike To N185/litre

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The Nigerian National Petroleum Company (NNPC) Limited has approved an upward review in the pump price of Premium Motor Spirit (PMS) from N170 per litre to N185 per litre, effective today (Thursday), Worldtopnewsng exclusively report.

NNPC in a notice to fuel marketers directed them to change the petrol price on pumps to the new price effective today.

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

Worldtopnewsng gathered that the majority of filling stations in Lagos have adopted different price models, with some stations in the country selling the product at N260, N280 and N320.

Worldtopnewsng monitored some filling stations in Ejigbo, Ikotun, Iyana-Iba Road, Agege, Ikeja, Ogba, Bariga, Somolu, Ebute-Metta, Lagos Island among others findings showed that queues for petrol at filling stations in many parts of the country have continued unabated, causing hardship for residents and motorists trying to get the product.

For instance, the Mobil filling station on Oba Akran sold a litre of petrol at N170 per litre earlier on Thursday before the increment call came in from the depot and that was evidently displayed on their meters.



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