NNPCL increases fuel price

The Nigerian National Petroleum Company Limited has increased its premium motor spirit price.

NNPCL retail outlets in Wuse Zone 6 and Zone 4 have increased their petrol pump price to N905 per litre, up from N890.

This means that the country’s oil behemoth adjusted its fuel pump by N15, or a 1.7 per cent upward increase.

The president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, attributed the hike to supply disruption caused by the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote Refinery feud.

He, however, stated that its members dispense petrol between N885 and N895 per litre.

“It is due to PENGASSAN’s strike disruption.However, members still sell at N885 and N895 per litre,” he told DAILY POST.

Recall that PENGASSAN’s feud with Dangote Refinery over the mass sacking of Nigerian workers led to a two-day strike action.

However, the federal government intervened, which resulted in the suspension of the strike action.