Again, NNPC Increases Fuel Pump Prices at Filling Stations
by by Dave Ibemere · Legit.ng News · Join- NNPC Limited has increased petrol pump prices again, bringing more headaches to motorists and commuters
- Checks show that the changes have already begun in Abuja, and similar adjustments are expected to be made by other marketers
- Transportation costs are set to skyrocket as motorists will have to pass the increase to passengers
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Filling stations operated by the Nigerian National Petroleum Corporation (NNPC) Limited have once again raised the pump price of fuel.
Reports show that petrol, which previously sold for N897 per litre in Abuja, now retails at N1,030 per litre.
This represents a 14.8% or N133 rise when compared to the pump price quoted as of September 2024
The change in pump prices was observed at various NNPCL stations in Abuja.
According to Punch at the NNPCL mega station located in Central Area, petrol was sold at N1,030 per litre.
In Lagos, the price of petrol rose from N885 to N998 per litre, according to TheCable.
Most filling stations belonging to independent marketers were closed, leading to long queues at NNPC fuel stations.
A manager at one of the fuel stations in the Ikotun area of Lagos, who gave his name as John, said they had not received any products for days.
He said:
'We all just come and go home. We are waiting for products from the head office. For now, I can't really say how much one liter will cost until the product arrives and I receive instructions from management.
Legit.ng reached out to Olufemi Soneye, the NNPC spokesperson, for confirmation of the price adjustments, but there was no response at the time of reporting.
NNPC unveils six new locations for CNG
In related news, Legit.ng reported that NNPC Ltd called on Nigerians to switch to Compressed Natural Gas (CNG).
The NNPC has ramped up efforts to expand the availability of CNG at its filling stations nationwide amid rising petrol prices.
The company said CNG stations are now available in Abuja at Gaduwa, Wuse, Gudu, Dei Dei, Ushafa, and Gwagwalada.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.