The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol from ₦865 to ₦992 per litre, triggering fresh concern among motorists and consumers nationwide.
As of the time of filing this report, the company has yet to release any official statement explaining the reason behind the sudden adjustment.
During visits to several NNPC retail outlets, The Nation observed fuel attendants recalibrating their pumps to reflect the new rate.
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At the NNPC filling station along Ogunusi Road, Ojodu Berger, attendants confirmed they were instructed to update the pump price to ₦992 per litre.
However, checks at Ibafo along the Lagos–Ibadan Expressway revealed that NNPC outlets in the area still displayed the old price of ₦875 per litre but were not dispensing fuel to motorists.
Most NNPC stations visited in Lagos and Ogun States were also not selling fuel as of Sunday evening, sparking frustration among commuters and transport operators.
Although NNPCL has not provided an official reason for the price hike, industry analysts speculate that rising global crude oil prices and foreign exchange volatility could be contributing factors.
(The Nation)
