HomeBusiness & EconomyNNPCl Increases Fuel Pump Price to N897/Ltr

NNPCl Increases Fuel Pump Price to N897/Ltr

Two days after it cried out that the burden of petrol price has pushed it into over $6 billion debt, the Nigerian National Petroleum Corporation, NNPC, Limited, on Tuesday morning, increased its pump price of fuel from N617 per litre to N897 per litre.

However, the companyโ€™s Chief Communications Officer, Mr Olufemi Soneye, said he was not aware of any price increase.

โ€œIโ€™m not aware of this. Thank you for reaching out. I have no comment on the matter at this time.

โ€œIf there are any updates, I will make sure to inform you. I appreciate your understanding,โ€ he responded via WhatsApp.

An unconfirmed trending message on social media platforms had earlier hinted at the new fuel price.

The message read: โ€œGood morning all. This is to inform you that NNPC Retail Management has approved an upward review of PMS pump price from N617/litre to N897/litre effective today, 3rd September 2024.

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