…..New fuel prices are now N1,025 in Lagos, N1,060 in Abuja
...NNPCL petrol stations displayed the reviewed price at their various stations in Lagos and Abuja on Tuesday.
The Nigerian National Petroleum Company Limited NNPCL has increased pump price of petroleum.
This increment will see Nigerians in Lagos and Abuja buy petrol for N1,025 and N1,060 per litre respectively. In October, petrol prices stood at N1030 in Abuja, N998 in Lagos in NNPCL filling stations, while other petrol stations sold for between N1, 150 and N1200 per litre.
NNPCL petrol stations displayed the reviewed price at their various stations in Lagos and Abuja on Tuesday.
This upward review followed current economic challenges capable of exacerbating the burden of Nigerians grappling with rising cost of living.
Since this administration assumed office on May 29, 2023, and announced end of fuel subsidy, petrol price has jumped from N145 to over N1000
Oil marketers have also responded to this increase by adjusting their prices between N 1,100 to N1,300 .
Newspot correspondents speaking with the oil marketers said between now an December the price of petrol will jump up to over N1,500.
” In other for us to remain in business we must continue to import as the Dangote Refinery cannot provide all our needs.” Marketers declared.
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