Energy/power

More Hardship As NNPC Hikes Pump Price 

Ola ‘Kiya, Reporting

Nigerians face more economic hardship as the Nigerian National Petroleum Company (NNPC) Ltd has approved an upward review in the pump price of Premium Motor Spirit (PMS) from N165 per litre to N179 per litre, effective today (Tuesday).

Stonix News reports that NNPC, in a notice to fuel marketers, directed them to change the petrol price on pumps to the new price effective today Tuesday.

This was even as the company equally increased the ex-depot price from N148.17 to N167 per litre.

This is coming weeks after petrol scarcity resurfaced across the country as fuel retailers were adopting different price bands to force unofficial deregulation attempts.

Already, majority of filling stations in Lagos and environs have adopted different price models.

While some filling stations have changed the price on their meters to reflect the current price they are selling at, others have left theirs to show the approved retail price of N165 per litre, but were selling above the displayed price.

Bo

For instance, the Mobil filling station on Agidingbi sold a litre of petrol at N170 per litre on Friday and that was evidently displayed on their meters.

The development was also the same at Enyo filling station at Chisco bus stop, in Lekki, which now sells for N170 per litre, Eterna filling station at Jankade bus stop, Lekki sells at N180 per litre and Mobil Filing station, by Osapa London, Lekki now selling at N170 per litre.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Energy/power

0 %