Petrol now N617 per litre as FG hikes fuel price

The Nigerian National Petroleum Company Limited (NNPCL) has again hiked pump prices of Petrol, known as Premium Motor Spirit (PMS) from 537 to 617 naira Per Litre

According to Daily Post, an NNPC filling station in the Central area of Abuja has adjusted its fuel price from N539 to N617 per litre.

“It is true, I just bought at N617 per liter,” the media outlet quoted a customer as saying

Recall that independent oil marketers had recently projected that fuel price will hit N700 per litre soon.

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NDMPRA) is yet to comment on the development.

The latest hike in petrol prices is coming at a time citizens are still grappling with the hardship and pains occasioned by the initial removal of subsidy on petrol.

Details later…

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