NNPCL Releases New Petrol Pump Price, A Litre Now To Sell Between N488 And N557

Earlier on Wednesday, the Nigerian National Petroleum Company Limited (NNPCL) has announced a new pump price for petrol nationwide with immediate effect.

According to the new price template released on Wednesday, the pump price of petrol now ranges from N488 and N555 per litre.

The company’s spokesman, Garbadeen Mohammed in a statement said the fresh adjustment of the pump price is in line with the market realities.

According to the price template, a litre of petrol will now sell for N488 in Lagos State and N500 in South West states, including Ogun, Oyo, Osun, Ekiti and Ondo.

It will sell for N520 per litre in the South East region, N537 in the South South region, except Uyo and Yenagoa.

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Also, the new pump price in the North Central is N537, while the highest pump price is in the North East region at N557 in Maiduguri and N550 in the rest of the region.

It was gathered that the NNPCL management has instructed all the management of its mega stations across the country to immediately implement the new price at all their Mega/Standard/Leased Stations.

The development has been confirmed in Port Harcourt, Rivers State capital and Yenagua, Bayelsa state capital where the NNPCL mega stations are opened for sale but motorists refused to buy the product at the new price as they lament that the price is beyond what they can afford.

There have been agitations across the country over the announcement of the fuel subsidy removal by President Tinubu with the immediate geometric price hikes of the product following the announcement.