NNPC Increases Petrol Price To N998 Per Litre

Posted on October 9, 2024

The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets. 

The price of the product increased to N998 per litre in Lagos on Wednesday.

NNPC increased the pump price from N855 per litre set in September.

Most of the retail outlets in Lagos have adjusted the price of PMS to N998 per litre.

Also, some private filling stations have started adjusting their prices, with some Mobil filling stations adjusting its pump price to that of NNPC.

The price development comes weeks after the NNPCL commenced petrol lifting at the Dangote Petroleum Refinery’s gantry after an extended period of price negotiations.

NNPCL filling stations across the country have also increased petrol price to ₦1,075 per litre.

This is the third increase in 30 days.

The new price are: Lagos – ₦998; South West – ₦1,025; Abuja,FCT – ₦1,030; South East – ₦1,045; South South – ₦1,075; and North East – ₦1,070.

NNPCL has been buying PMS at ₦898/l from Dangote Refinery, and selling to marketers at ₦765/l, therefore covering the offset of ₦133.

Recently, the state oil giant said it was no longer sustainable and reportedly end their exclusive partnership with Dangote Refinery.

With this new price, independent marketers may sell up to ₦1,300.

The new pump price has been implemented immediately on Wednesday morning across the nation.

One response to “NNPC Increases Petrol Price To N998 Per Litre”

  1. Foluso says:

    The poor and the average family must survive. The nation is now sow difficult to leave. Let us pray to God to give us Real Nigerian that will face the autocracts out.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

The Oyo State Traffic Management Authority (OYRTMA) has condemned reckless driving of a one-way... Continue
DESTINY YOUNG      The political landscape in Akwa Ibom State has been dramatically... Continue
CYRIACUS IZUEKWE  It was pomp and pageantry at the Green Field Estate In Ago... Continue
Africa’s mature oilfields are experiencing a renaissance and artificial intelligence (AI) is at the... Continue
CHUKA UBAH  Civil Liberties Organization, CLO, Anambra State Chapter, has lauded President Bola Ahmed... Continue
  This generation is not idle, it’s just that the face and scope of... Continue
BY OLUWATOSIN FALEYE The heart of man is truly full of wickedness and nowhere... Continue
No fewer than One Hundred and twenty pupils from Oyo State public basic schools... Continue
MICHAEL AKINOLA  A 26-year old man, Ahmed Apesin, has landed in trouble in Lagos... Continue
The Orashi National Congress (ONC), led by its President General, Senior Comrade Ambassador Emeni... Continue

UBA


Access Bank

Twitter

Sponsored