The Nigerian National Petroleum Company (NNPC) Limited has ordered for an immediate upward review of petrol pump price from N165 per litre to N179 per litre.
According to Guardian, the upward review of the price of Premium Motor Spirit (PMS) is effective from Tuesday, July 19, 2022.
The upward review was contained in a notice to fuel marketers by the NNPC, directing them to change the petrol price on pumps to the new price immediately.
The company also increased the ex-depot price from N148.17 to N167 per litre according to the notice.
The moving is coming after weeks of petrol scarcity across the country as retailers adopted different fuel pump prices to force unofficial deregulation attempts.
