BREAKING: NNPCL increases fuel price
The Nigerian National Petroleum Company Limited, NNPCL, has increased its Premium Motor Spirit, PMS, pump price despite Dangote Refinery’s free petrol delivery initiative and falling crude oil prices. A market survey by DAILY POST on Tuesday, an Eid-ul-Mawlid public holiday, showed that NNPCL retail outlets in Abuja and its environs had raised their petrol pump price […] BREAKING: NNPCL increases…
The Nigerian National Petroleum Company Limited, NNPCL, has raised the price of its Premium Motor Spirit (PMS) fuel at retail outlets across Abuja and its surrounding areas, according to a market survey conducted on the Eid-ul-Mawlid public holiday. The new petrol pump price is now set at N1,270 per litre, an increase of N20 per litre from the previous N1,250.
This move comes despite Dangote Refinery's free petrol delivery initiative expanding to 10 destinations in Nigeria, including Abuja, where petrol is available at N1,185 per litre. Other filling stations like MRS and Geregu have also raised their petrol prices by N20 to N1,230 per litre. Consequently, NNPCL's petrol is now between N15 and N40 per litre more expensive than its competitors in Abuja.
With Brent and West Texas Intermediate crude oil blends dropping to $88.80 and $81.86 per barrel, respectively, Nigerians are now paying between N1,230 and N1,299 per litre for petrol in Abuja and its environs.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
