The Nigerian National Petroleum Corporation (NNPC) has increased the pump price of petrol at its retail outlets by N4 from N141 to N145 per litre.
Though the new N145 price remains within the maximum price cap fixed by the federal government in May, this is the first time fuel at NNPC’s outlets will be sold at that price.
Before now, prices have been hovering between N143 and N141 per litre at NNPC and affiliate stations in major cities and even less at stations in the hinterlands.
Daily Trust reports that prices have been N141 in last few months until Tuesday when it was raised to N145.
In Kano and Lagos our correspondents report that the price of fuel has hit N145 per litre at NNPC Mega stations.
Spokesman for the NNPC Garba Deen Muhammad said there was no rule that compels any marketer including the NNPC to sell at a particular price.
“A price regime was introduced between N135 and N145. So, you can sell anywhere within that range. What you are seeing is interplay of market forces.
Little Girl Dies Days After She Was Raped By Her Boss’ Husband
Details of how Ehi Ogbebor allegedly dumped married lover over poor performance in bed, moves to new man (Photos)
Davido’s Alleged Girlfriend, Ama Reginald Reportedly Moves Into Davido’s House (Details)
“I love you” – Actor, Lucky Oparah sparks controversy after Eucharia Anunobi debunked dating him (Video)
Buhari’s Daughter Breaks Silence Over Killing Of Deborah After Sharing Video Of An Islamic Scholar That Said What Should Be Done To People Who Insult The Prophet (Video below)
“Fews Months To Our Wedding, He Invited Me to Spend Nights In His House But I Refused Not Knowing That” – Lady Narrates Her Painful Heartbreak Story (Details below)
#JusticeForDave: Hausa Okada Riders Beat, Burn Sound Engineer To Death In Lagos Over N100 Disagreement (Video)
“Prophet Muhammad Was Repeatedly Insulted While Alive, Yet He Didn’t Kill Anyone For That” – Sheikh Gumi Reveals (Details below)
- Love & Relationship1 day ago
- News2 days ago
“Nigeria Is Not A Muslim Country Also Killing Of Christians Won’t Make You Enter Heaven” – Gumi Blast jihadists (Details below)
- Crime2 days ago
How A Teacher Was Also Murdered By Her Students For Putting A Bag Which Contained A Quran On The Floor (Details below)
- Sports1 day ago
I can’t defend you again – Arteta reveals who to blame for Arsenal 2-0 defeat to Newcastle