Nigerian National Petroleum Company Limited (NNPCL) has directed its retail outlets to raise the pump price of petrol to N897 per litre from N617.
This was confirmed on Tuesday morning, September 3, 2024, as the NNPCL retail stations in Lagos are selling fuel between N865 to N897 per litre.
In Alausa, the pump price of the NNPC station reads N865 while others in Ikeja and Ikuo displayed N868 and N897.
Fuel queues have been prominent in major cities in the last few weeks with Nigerians unable to get fuel.
The NNPCL at the weekend admitted it was owing over 8bn dollars fuelling speculation that there may be increase in the pump price of fuel.
This is coming barely 48 hours after Dangote refinery begins production of petrol.