AGAIN, NNPC INCREASES FUEL PUMP PRICE TO N1,030/LITRE

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AGAIN, NNPC INCREASES FUEL PUMP PRICE TO ₦1,030/LITRE

The Nigerian National Petroleum Company Limited, NNPCL, has again jerked up the pump price of the Premium Motor Spirit, PMS, also known as petrol to N1,030 per litre.

The development was observed by our correspondent at some NNPCL outlets in Abuja on Wednesday.

The recent development came after the NNPCL decided to terminate its exclusive purchase agreement with Dangote Refinery.

This means the NNPCL will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.

In the Federal Capital Territory, FCT, the product was previously sold for N897 per liter.

Our correspondent further gathered that in Lagos, fuel which previously sold for N885 per litre, is now being sold at N998 amid long queues.

About Dons Eze

DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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