Nigerian National Petroleum Company Limited (NNPCL) has once again increased the pump price of the Premium Motor Spirit, otherwise known Petrol in the face of Nigerians groaning under severe inflation.
The administration of President Bola Tinubu has again increased the pump price of petrol.
The increase, under the President Bola Tinubu led federal government, now means residents in Lagos will pay N1,025 per litre, while those in Abuja will pay N1,060 per litre.
This development comes after petrol prices were previously set at N1,030 in Abuja and N998 in Lagos at NNPCL stations in October, with other stations charging between N1,150 and N1,200 per litre.
As of Tuesday morning, NNPCL stations in Lagos and Abuja displayed the updated prices.
Since President Tinubu took office on May 29, 2023, and announced the end of the fuel subsidy, petrol prices have skyrocketed from N145 to over N1,000.
