BREAKING: Petrol Price Raised, New Rates Fixed For Regions
- The price of petrol per litre has been increased from N165 to new rates across geopolitical regions in Nigeria
- This was announced on Tuesday, July by the federal government during the official unveiling of the new NNPC LTD
- From Tuesday, Nigerians in various regions will have to pay different amounts to get the essential commodity
Nigerians, starting from Tuesday, July 19, will have to pay more than N165 to get a lite of petrol across geopolitical regions.
As reported by Daily Trust, petrol marketers said the federal government gave approval for the raise, but the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is yet to confirm this.
Source: Facebook
Below is the price adjustment for the product across regions in the country:
- Southwest, south-south, and southeast regions: N179 per litre
- Northwest: N184 per litre
- Northeast: N189 per litre
- North-central: N179 per litre
- Abuja: N174 per litre
- Lagos: N169 per litre
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It was also gathered that there is an upward review in the ex-depot price in the Lagos axis from N148.17 to somewhere between N160 and 162.
Recall that the Nigerian National Petroleum Company (NNPC) Limited had authorized an increase in the pump price of Premium Motor Spirit (PMS) from N165 to N179 per litre, which will take effect on Tuesday, July 19, 2022.
The NNPC has already notified fuel marketers. The notice directed the marketers to change the petrol price on pumps to the new price effective on Tuesday.
The increase in pump price came on the same day President Muhammdu Buhari officially unveiled a new NNPC LTD.
NNPC also equally increased the ex-depot price from N148.17 to N167 per litre.
This is coming after petrol scarcity resurfaced across the country as fuel marketers seek to force a new price which they have finally achieved. Filling stations adjust price Already, the majority of filling stations in Lagos have embraced various pricing patterns.
While some filling stations have adjusted the pricing on their meters to reflect the actual price they are selling at, others have left theirs to show the approved retail price of N165 per litre but were selling over the displayed price.
Source: Legit.ng
