Fuel Price Soars to N955 per Litre
The pump price of petrol has surged again to N955 per litre in parts of the country, including the Federal Capital Territory FCT, amid rising international benchmark prices and adjustments by both the Nigerian National Petroleum Company Limited NNPCL and other marketers.
Most filling stations in Abuja, yesterday, were dispensing petrol at N955, with NNPCL retail outlets and independent marketers already reflecting the new price.
A few stations linked to the Dangote Refinery partnership, especially MRS, however, sold marginally lower at N885/litre, although there were indications that the ex-depot petrol price by Dangote Refinery moved to N858 per litre, from N820. Nigerian Airways merchandise
Sources at the refinery, however, said the refinery had yet to implement an upward review of the pump price. NNPCL, which had been accused by some marketers of underselling in terms of pricing, officially raised pump price at its retail outlets in the capital from N890 to N955, about a N65 hike.