The Nigerian National Petroleum Company (NNPC) Limited has raised the price of petrol, known as premium motor spirit (PMS), at its retail locations across the country.
According to TheCable, the price jumped to N998 per litre in Lagos on Wednesday, October 5, 2024.
At NNPC stations on Ago Palace Way, Okota, and Second Rainbow along the Apapa Expressway, PMS is now priced at N998 per litre.
In Abuja, an NNPC station in Wuse Zone 4 is selling petrol for N1,003 per litre.
Private filling stations are also beginning to raise their prices, with Mobil station on College Road, Ogba, matching the NNPC’s price.
This price hike follows the NNPC’s recent decision to start sourcing petrol from the Dangote Petroleum Refinery after lengthy price negotiations.
However, a few days ago, NNPC announced that it had ended its exclusive purchase agreement with Dangote Refinery, allowing other marketers to buy petrol directly from the refinery.
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