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Petrol price: NNPC Limited increases pump price of petrol in different states

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The Nigeria National Petroleum Company, NNPC Limited has announced the upward review of the pump price of PMS also known as Petrol to 169 Naira per litre from the previous price of 165 Naira per litre.

The statement further explained that price review will be dependent on each zone of the country.

While South West, South South, and North Central will sell at 179 Naira per litre, North West and South East will sell petrol at 184 naira per litre.

Also, the North East Zone is expected to sell for 189 Naira per litre and Lagos for 169 Naira per litre.

Meanwhile, the review and increase in the price of petrol has been tagged unavoidable by analysts. Muda Yusuf, an economist who spoke in an interview to Tv360 Nigeria said to avert a tremendous increase in the price of petrol and further exploitation by black market sellers, the review by the federal government and NNPC was the right step taken.




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