Just In: Again, NNPCL increases fuel pump price

Nigerian National Petroleum Company Limited, again on Wednesday, increased the pump price of the Premium Motor Spirit, popularly known as petrol to N1,030 per litre.

Already, NNPCL outlets in Abuja have begun to sell at the new price.

The recent development, it was learnt, followed NNPCL’s decision to terminate its exclusive purchase agreement with Dangote Refinery.

Due to this, NNPC will no longer be the sole off-taker, as marketers can now negotiate prices directly with Dangote Refinery.

Details later…