Nigeria News

Petrol price hits N1,030 as NNPCL ends exclusive deal with Dangote Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has once again increased Premium Motor Spirit (PMS) pump price, commonly known as petrol, to N1,030 per litre.

Our correspondent observed this change at several NNPCL stations in Abuja on Wednesday.

IDOMA VOICE reports that this price hike follows NNPCL’s decision to end its exclusive purchase agreement with Dangote Refinery.

This move allows marketers to negotiate prices directly with the refinery, instead of NNPCL being the sole off-taker.

In the Federal Capital Territory (FCT), petrol had previously been sold at N897 per litre. Meanwhile, in Lagos, where it was sold at N885 per litre, the new price has surged to N998, with long queues reported at various fueling stations.

Agbenu James

Recent Posts

BREAKING: Reps approves Tinubu’s tax reform bills amid controversy

The Nigerian House of Representatives has approved President Bola Ahmed Tinubu's tax reform bills, bringing…

4 hours ago

Rivers crisis: You will hear from us if Fubara is impeached – Ijaw warns Tinubu

  The Supreme Egbesu Assembly (SEA), a prominent traditional institution of the Ijaw people, has…

5 hours ago

BREAKING: Abuja Court threatens to jail Akpabio over Senator Natasha’s suspension

Senate President Godswill Akpabio faces the risk of imprisonment for allegedly disobeying a court order,…

5 hours ago

BREAKING: Many dead in terrible accident involving Flight Bus along Makurdi-Abuja road

The crash occurred on Thursday, leaving several passengers dead and many others injured along Makurdi-Abuja…

6 hours ago

BREAKING: Court orders arrest of VeryDarkMan over defamation on Mercy Chinwo

An Abuja Chief Magistrate Court in Wuse Zone 6 has issued a bench warrant for…

6 hours ago

BREAKING: I’m ready to work with Peter Obi to recover Nigeria – Gov Bala of Bauchi

Bauchi State Governor, Bala Mohammed, has declared his willingness to collaborate with the Labour Party’s…

7 hours ago