Olayiwola Matthew
The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit, otherwise known as petrol, from N855 per litre to N998 per litre.
The increase in the price of petrol, which came on Wednesday, was noticed at the pumps at all NNPCL depots in Lagos State.
The new development is a 12.7 percent or N113 increase from the initial price.
Recall that the national oil company had on September 3, 2024, raised the price of petrol from N568, which was the lowest in Lagos, and N617 in some other parts of the country, to a minimum of N855, obtainable in Lagos.