NNPC Raises Petrol Price Nationwide

By Matilda Omonaiye/

The Nigerian National Petroleum Company (NNPC) Limited has announced a significant increase in the price of petrol across the country. Effective Tuesday, the cost per litre of petrol has surged from N617 to N855, marking a substantial jump in fuel prices nationwide.

This latest price adjustment is now in effect across all regions of Nigeria, with widespread implications expected for consumers. The increase is likely to drive up transportation costs, elevate the prices of goods and services, and further strain the already challenging economic conditions in the country.

The decision by NNPC has sparked immediate reactions from various sectors, with many Nigerians voicing concerns about the escalating cost of living. The timing of the price hike, amid ongoing economic difficulties, has heightened worries for households and businesses alike.

As the new pricing takes hold, all eyes are on the government and key stakeholders for their response to this development, as well as on the potential ripple effects on daily life and the broader economy.

Sources indicate that NNPC’s decision to raise the petrol price was influenced by mounting pressures related to the cost of importing the product.