The Nigerian National Petroleum Company Limited (NNPC Ltd) has raised the pump price of petrol, with the new rate now at ₦839 per litre in Abuja. In Lagos, the revised price is ₦835 per litre at NNPC retail stations.
The adjustment reflects current market pricing trends following the deregulation of the downstream sector, where fuel prices are influenced by supply costs and competition.
Motorists in both cities are already seeing the new prices at the pumps, a move that may affect transport fares and the cost of goods and services in the coming days. Visit www.jocomms.com for more news.