Barely three weeks after jerking up the price per litre of petrol, retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) adjusted the pump price of the commodity on Tuesday in Lagos from ₦998 to ₦1, 025.
In Lagos, it was gathered that many NNPCL outlets sold a litre of the essential commodity for ₦1,025, from the ₦998 it was sold between October 9 and October 28, about ₦28 higher.
Newsmen visited six NNPCL outlets in Lagos and observed that most of the filling stations in town weren’t selling fuel as they claimed they didn’t have stock.
A few NNPCL outlets that sold the premium commodity sold it at ₦1,025 while others owned by independent marketers sold a litre of petrol as high as ₦1,100.
The fresh increase followed the October 9, 2024 hike, from ₦855 to ₦998.
Also, on September 2, 2024, the retail company hiked the price per litre of petrol from ₦568 to ₦855, sparking outrage.
