BREAKING: NNPCL increases fuel price by N85/litre
The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of Premium Motor Spirit, PMS, popularly known as petrol. A market survey by DAILY POST on Tuesday showed that the majority of NNPCL retail outlets in Abuja and its environs had increased their petrol pump price to between N1,395 and N1,430 per litre. […] BREAKING: NNPCL increases fuel price by N85/litre
The Nigerian National Petroleum Company Limited (NNPCL) has raised the price of Premium Motor Spirit (PMS) or petrol by N85 per litre. According to a market survey conducted by DAILY POST, many NNPCL retail outlets in Abuja and surrounding areas have raised their petrol prices to between N1,395 and N1,430 per litre. This adjustment represents an increase of between N50 and N80 per litre.
The new prices have been implemented at NNPCL stations in Airport Junction, Gwarinpa, Kubwa Expressway, Wuse Zone 4 and other locations across the capital city and its surroundings. This price hike coincides with an increase in prices for crude oil, with Brent and West Texas Intermediate (WTI) crude prices reaching $107 and $103 per barrel respectively.
This rise occurred following the devastating strikes in the Middle East last week, where Iran targeted Saudi Arabia's East-West pipeline, causing a significant escalation in fuel costs.
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.
