*Checks on Monday showed that NNPC filling stations in Abuja and environs hiked their petrol price at the weekend to N1,367 per liter, up from N1,261
The Nigerian National Petroleum Company Limited retail outlets have raised their fuel pump prices to over one dollar per liter.
This is coming after Dangote Refinery’s fourth price hike last week.
According to Daily Post, checks on Monday showed that NNPC filling stations in Abuja and environs hiked their petrol price at the weekend to N1,367 per liter, up from N1,261.
This means that NNPC retail outlets increased their petrol price by N106 per liter, making domestic pump prices to surge above $1, with N1,353.90 per dollar at the official foreign exchange market, according to the Central Bank of Nigeria’s data.
Dangote Refinery had hiked its price from N70 to N1,245 per liter on Friday on the grounds of rising crude oil prices, which skyrocketed to above $110 per barrel.
The refinery’s price hike had resulted in a nationwide retail fuel price hike.
Earlier, it was reported that the Dangote Refinery-backed MRS and other filling stations raised their petrol pump prices to N1,367 and N1,440 per liter.
SOURCE: ToriNews
