NNPC Increases Petrol Price to N992/Litre in Lagos

The Nigerian National Petroleum Company Limited (NNPCL) has announced it has increased the pump price of petrol from N865 to N992 per litre.

However, it gave no official explanation as to the sudden adjustment.

However, attendants at several NNPC retail outlets confirmed receiving directives to update their pump meters to reflect the new price.

At the NNPC station on Ogunusi Road, Ojodu Berger, Lagos, staff told The Nation that they had been instructed to switch the price to N992 per litre. Meanwhile, a visit to other outlets, including those in Ibafo along the Lagos–Ibadan expressway, showed that while some still displayed the previous rate of N875 per litre, they were not dispensing fuel to motorists.

Many NNPC stations across the region were also observed to be closed or not selling petrol as of Monday, October 13.

The development comes amid growing reports of petrol scarcity in parts of the country, with Abuja recently experiencing long queues linked to a reported dispute involving Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).