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HomeNewsNNPC Jacks Up Fuel Price –₦‎990 Abuja, ₦‎965 Lagos

NNPC Jacks Up Fuel Price –₦‎990 Abuja, ₦‎965 Lagos

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Fuel stations of the Nigerian National Petroleum Company (NNPC) Limited have made upward adjustments in the pump price of motor fuel, from N965 to N990 per litre in the Federal Capital Territory.

In Lagos, the price moved up from N925 to N960 per litre.

The amount is N20 or 2.1 per cent more than the N970 retail price announced by the Dangote Refinery in partnership with MRS filling station, Ardova, and Heyden.

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On Friday, the pump prices of petrol rose to between N1,050 and N1,150 per litre following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners.

Dangote raised its PMS from N899/litre to N955/litre at its loading gantry, pinning the upward swing to crude oil costing more in the global market.

However, moving in the opposite directly, Brent crude oil futures dropped to $79.98 per barrel on Monday, from $81 last Friday.

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