The Nigerian National Petroleum Corporation Limited, NNPC, on Tuesday morning increased petroleum price from N617 per litre to N897 per litre.
The development which represents over 45 percent increase, is coming two days after the national oil controling firm lamented that the burden of petrol price has pushed it to over $6 billion debt.
Already, all NNPC retail stations in Abuja has adjusted to the new fuel price.
Although, the company’s Chief Communications Officer, Mr Olufemi Soneye denied he was not aware of any price increase when contacted by journalists.
He said “I’m not aware of this. Thank you for reaching out. I have no comment on the matter at this time.
“If there are any updates, I will make sure to inform you. I appreciate your understanding,” he responded via WhatsApp.
An unconfirmed trending message on social media platforms had earlier hinted at the new fuel price.
The message read: “Good 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.
“Please, ensure all your pumps and totems (price boards)/MIDs reflect the new PMS price of N897/liter. Thank you.”
