The Nigerian National Petroleum Company Limited, NNPCL has increased pump price of petrol
According to a new price template seen by DAILY GIST on Tuesday, petrol will now be sold for N1,025 and N1,060 in Abuja.
In October, petrol prices stood at N1030 in Abuja, N998 in Lagos in NNPCL filling stations, while Marketers sold for between N1,150 and N1200 per litre.
NNPCL petrol stations displayed the reviewed price at their various stations in Lagos and Abuja on Tuesday.
This upward review followed current economic challenges capable of exacerbating the burden of Nigerians grappling with rising cost of living.
President Bola Tinubu assumed office on May 29, 2023, and announced an end of fuel subsidy.
The announced caused petrol price to jump from N145 to over N1000, worsening cost of living in the country.
More details to follow…
