Nigerian Petroleum Company NNPCL Raises Fuel Price To N850 Per Litre

Filling stations owned by the Nigerian National Petroleum Company Limited (NNPC) have hiked the fuel price to over N850 per litre in the country.

SaharaReporters learnt that this move by the filling stations was in compliance with a directive given by the NNPC management compelling an immediate increment of fuel official price from N568 to N855.

Checks by SaharaReporters in Ilorin, Kwara State showed that the filling stations on Tuesday morning complied with the directive on the increment.

An NNPC station located at Adewole Area of Ilorin, the state capital is currently selling fuel at N877 per litre.

A picture of an NNPC station in Lagos which SaharaReporters saw indicated total compliance with the directive as the new price is pegged at N855 in the state.

A viral video on X showed how Nigerians are lamenting the new price.

“N855 at NNPC station in Ikoyi area (Lagos State),” a customer said in the video.

Another picture trending online showed that the fuel is being sold at N897 in some NNPC filling stations in the northern parts of the country. SaharaReporters observed further that many privately owned filling stations stopped selling fuel on Tuesday morning. This indicated that they were planning to increase their prices as well. “NNPCL mega station in Gombe are selling fuel at N930/liter. Most of the filling stations in Gombe metropolitan are closed at the moment!,” a resident, Ibrahim wrote on X.

These developments are happening amid news about the unveiling of the Dangote Refinery first sample of Premium Motor Spirit (petrol) produced by his refinery in Lagos.

The presentation took place on Tuesday at the refinery’s facility in the Ibeju-Lekki area of Lagos State. The 650,000 barrels per day refinery conducted a successful test run of the product.