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NNPC raises petrol pump price from N165 to N179/litre amid the prevalent scarcity

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The Premium Moto Spirit’s pump price would rise from its initial price of N165 per liter to N179 as of today, Tuesday, July 19, 2022, according to the Nigerian National Petroleum Company (NNPC).

The organization has advised fuel marketers to focus the new price development on pumps.

 

The new fuel price came into effect just a few weeks after a nationwide fuel shortage forced many fuel stations to adopt alternative price points, which led to unofficial attempts at deregulation.

 

According to reports, many petrol stations across the nation have already adjusted their prices since the NNPC implemented the earlier adjustments, while others have left their pumps showing the approved retail price of N165 per litre but were still making more money than the indicated fuel price.

 

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