The Nigerian National Petroleum Corporation (NNPC) has increased the pump price of petrol at its retail outlets by N4 from N141 to N145 per litre.

Though the new N145 price remains within the maximum price cap fixed by the federal government in May, this is the first time fuel at NNPC’s outlets will be sold at that price.

Before now, prices have been hovering between N143 and N141 per litre at NNPC and affiliate stations in major cities and even less at stations in the hinterlands.

Daily Trust reports that prices have been N141 in last few months until Tuesday when it was raised to N145.

In Kano and Lagos our correspondents report that the price of fuel has hit N145 per litre at NNPC Mega stations.

Spokesman for the NNPC Garba Deen Muhammad said there was no rule that compels any marketer including the NNPC to sell at a particular price.

“A price regime was introduced between N135 and N145. So, you can sell anywhere within that range. What you are seeing is interplay of market forces.

lalasticlala

ring7:
Evev the 141 in major cities is 200,na just yo calibrate the meter ,thief thief.

Siberia101:
And Kachikwu said increase in pump price are just rumours....

From 4Naira today might become 20Naira next month



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takenadoh:
daily trust wan just cause panic, its 145 no biggy some stations are sellin 142

richidinho:

Where are the m0r0ns that told us before December market forces will bring down the price of fuel to 50naira if subsidy is removed

TonyeBarcanista:
Well, they should not try any pranks to exceed the N145/L benchmark

PaulIdu:
Fuel will definitely hit 210 naira a litre before the year runs out