By Adadareporters
The petroleum pump price increased to N617 per litre at various outlets of the Nigerian National Petroleum Company Limited (NNPCL) in Abuja on Tuesday.
This is happening some months after the NNPCL approved an upward review in the pump price of petroleum nationwide.
Recall that President Bola Tinubu had, in his inaugural address on 29 May, announced the removal of fuel subsidy.
As a result, the Nigerian National Petroleum Company Limited (NNPCL) mandated its outlets nationwide to sell fuel between N480 and N570 per litre, which was almost 200 per cent increase from the initial price below N200.
The hike immediately triggered an increase in transportation fares and prices of goods and services by various percentages.
Our correspondent reports that NNPCL outlets in the Central Area of Abuja, the Federal Capital Territory, adjusted the pump price of petroleum to N617.
NNPCL spokesperson, GarbaDeen Muhammad, told PREMIUM TIMES that the company would provide clarity on the issue shortly.
