Fuel Price Climbs To N617 Per Litre

The pump price of Premium Motor Spirit, popularly called petrol, was raised from N520/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday.

According to the Daily Trust newspaper, a visit to an NNPC filling station in the Central area of Abuja  confirmed that the fuel price has now been adjusted from N539 to N617 per litre.

Another Customer who confirmed this development to Daily Trust simply said “It is true, I just bought at N617 per liter.”

In Lagos, FTN reports that  a litre of fuel at NNPC Lagos is N568 this morning.

The immediate reason could not be ascertained but it is not unconnected to the recent projections by oil marketers that fuel price will hit N700 per litre soon due to the depreciation of Naira against dollar.

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NDMPRA) is yet to comment to Daily Trust enquiry as at the time of filling this report.

Details later…..

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