NNPC, in a notice to fuel marketers, directed them to change the petrol price on pumps to N179 per litre from N165 per litre effective today (Tuesday)
By Kehinde Okeowo
The Nigerian National Petroleum Company (NNPC) Limited has approved an upward review in the pump price of Premium Motor Spirit (PMS) from N165 per litre to N179 per litre.
According to The Guardian, NNPC, in a notice to fuel marketers, directed them to change the petrol price on pumps to N179 per litre from N165 per litre effective today (Tuesday).
There are also unconfirmed reports that the company has equally increased the depot price from N148.17 to N167 per litre.
The new pump price is coming after weeks of petrol scarcity resurfaced across the country as fuel retailers were adopting different price bands to force unofficial deregulation attempts.
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Already, the majority of filling stations in Lagos have adopted different price models.
While some filling stations have changed the price on their meters to reflect the current price they are selling at, others have left theirs to show the approved retail price of N165 per litre but were selling above the displayed price.
Enyo filling station at Chisco bus stop, in Lekki sells for N170 per litre, Eterna filling station at Jankade bus stop, Lekki sells at N180 per litre, while Mobil filling station, by Osapa London, Lekki is now selling at N170 per litre.
In Ikotun, the Mobil filling station has changed its pump price from N165 to N178, while Ardova is selling at N170 per litre, this may, however, change later the day.