The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488 and N557 per litre.
A new pricing template purportedly sent to marketers by the NNPCL management to oil marketers late yesterday directed that the new price adjustment come into effect from May 31, 2023.
From the new price template, Lagos State has the least price of N488 per litre while Maiduguri and Damaturu have the highest pump prices of N577 per litre.
The new NNPCL price template is applicable only to NNPCL retail outlets.
