Subsidy Removal: NNPCL Raises Fuel Prices

The Nigerian National Petroleum Company Limited (NNPCL) has raised pump prices of petrol, also known as Premium Motor Spirit (PMS) from N195 per litre to 537 per litre.

A new price template disclosed by NNPLC on Wednesday revealed that Lagos State has the least price of N488 per litre, while Maiduguri and Damaturu have the highest pump prices of N577 per litre.

Many filling stations in Akure, Ondo state capital and Lagos had adjusted to the new pump price as at Wednesday.

Similarly, pump prices had been adjusted across States.

The price adjustment represents an over 200 per cent increase.