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NNPCL increases petroleum pump price

petrol price hike

The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday approved an upward review in the pump price of petroleum nationwide.

The approval takes effect from Wednesday, 31 May, the NNPCL said in a circular on Wednesday.

A statement on its official twitter site and signed by the Chief Corporate Communications Officer NNPC Ltd Garba Deen Muhammad, assures Nigerians of a ceaseless supply of products.

It reads; “The company “sincerely regrets any inconvenience this development may have caused. We greatly appreciate your continued patronage, support, and understanding during this time of change”.

Fuel queues returned to Nigerian cities on Monday as many motorists scrambled to get petroleum products hours after President Bola Tinubu said the regime of fuel subsidy would be put to an end.

However, it was observed that the queues have reduced in Abuja after the NNPCL announced the adjustment of petrol pump price.

In the Federal Capital Territory, fuel is now being sold for between N537 and N540 per litre while at the black market a 10litres gallon of petrol is sold for N7,500.

Meanwhile, in Lafia, Nasarawa State pump price of petrol is sold for between N600 and 650 Naira per litre in most filling stations.

However, fuel scarcity still persists in Kwara State as most filling stations were not dispensing.

Many motorists were seen on long queues at filling stations in anticipation of getting fuel.

Writing by Julian Osamoto; Editing by Annabel Nwachukwu