The cost per litre of petrol has officially been reviewed upward from N640 to N890, according to pump price displays on Tuesday on fuel dispensers at the government NNPC stations.
As Nigerians continue to experience a lingering fuel scarcity, petrol prices on dispensing machines of government-backed NNPCL stations in Lagos and Abuja on Tuesday showed N855 per litre, cementing claims that the price has been reviewed upward to reflect the nation’s current foreign exchange woes and fuel landing cost hassles.
Other filling stations adjusted their price to N897 per litre on Tuesday morning.
Femi Soneye, the NNPCL spokesperson, told Peoples Gazette, “I’m not aware. But I’ll find out.”
Fuel prices have been between N580 per litre to N700 per litre in the last one year when President Bola Tinubu announced the removal of fuel subsidies in 2023.
But in recent weeks, the nation has suffered an acute fuel scarcity that led the few stations with fuel to sell at exorbitant prices above N900 per litre while black market prices exceeded N1,000.
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