Categories: News

NNPC Increases Fuel Price To N1,030 Per Litre In Abuja, N998 In Lagos

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.

 

 

Tobias Sylvester

Tobias Sylvester is the news editor for Kanyi Daily News and is based in Lagos. Contact Tobias at editor@kanyidaily.com. Got a confidential tip? Submit it here

Recent Posts

Abducted Kwara Traditional Ruler Dies In Captivity Despite Ransom Payment

Salman Olatunji Aweda, the traditional ruler of Olayinka community in Ifelodun Local Government Area of…

3 hours ago

Peter Obi Commends Davido For Wearing ‘Bring Them Home’ Outfit At World Cup

Former Labour Party presidential candidate Peter Obi has praised Nigerian music star Davido for using…

4 hours ago

2027: Kano NDC Governorship Candidate Picks Kwankwaso’s Son As Running Mate

Aminu Gwarzo, the governorship candidate of the Nigeria Democratic Congress (NDC) in Kano State, has…

4 hours ago

MC Mbakara Criticizes Jim Iyke For Not Smiling During Their Encounter [Video]

Nigerian content creator MC Mbakara has stirred reactions after sharing his disappointment over a brief…

5 hours ago

Kano Govt Screens Couples For Mass Wedding With N1.5 Billion Budget [Video]

The Kano State Government has set aside N1.5 billion to sponsor a mass wedding programme…

6 hours ago

DJ Cuppy Reveals Why She Can Never Marry A Nigerian Man [Video]

Nigerian DJ and media personality Florence Ifeoluwa Otedola, popularly known as DJ Cuppy, said she…

7 hours ago