-
NNPCL raised petrol price to N967 per litre, a N7 increase from N960.
-
The adjustment marks the second fuel price hike in four days, after an earlier increase from N875 to N960.
-
Rising global crude oil prices above $90 per barrel and Middle East tensions are influencing fuel costs.
The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (petrol) for the second time in four days.
The state-owned oil company raised the price to N967 per litre on Saturday, up from N960 per litre, representing a N7 increase. The new price has already been implemented at NNPCL filling stations in Abuja and surrounding areas.
READ ALSO: Senate Summons Ex-NNPC CEO Kyari Over Alleged N210 Trillion Unaccounted Funds
ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!
Earlier in the week, NNPCL had increased the pump price from N875 per litre to N960 per litre. Following the latest adjustment, other filling stations in the nation’s capital have also revised their prices to between N967 and N1,000 per litre.
The development comes as global crude oil prices surged by about 9 percent, with both Brent crude and West Texas Intermediate rising above $90 per barrel amid tensions in the Middle East.
Meanwhile, the Dangote Refinery earlier in the week increased its gantry petrol price, citing rising crude oil costs linked to geopolitical instability in the region.