The Nigerian National Petroleum Company (NNPC) Limited has increased petrol prices at its retail outlets in major cities, with the pump price now set at ₦835 per litre in Lagos and ₦839 per litre in Abuja.
The adjustment, observed across NNPC stations on Wednesday, reflects rising costs in the downstream petroleum sector and follows recent price changes from local refineries and marketers.
Motorists and commuters are expected to feel the impact of the hike, as higher fuel costs may translate into increased transportation and goods prices across the country.
NNPC has yet to release an official statement explaining the reason for the latest adjustment. More updates to follow as the situation develops.
MORE DETAILS…