The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets.
Newsmen observed that the price of the product increased to N998 per litre in Lagos on Wednesday.
NNPC increased the pump price from N855 per litre in September.
At the NNPC retail outlets located at Ago Palace Way, Okota, and Second Rainbow at Apapa Expressway, the price of PMS was fixed at N998 per litre.
In Abuja, at Wuse Zone 4, an NNPC retail station sold the product at N1,003 per litre.
Also, private filling stations have started adjusting their prices, with the Mobil filling station at College road, Ogba, adjusting its pump price to that of NNPC.
The price development comes weeks after the NNPC commenced petrol lifting at the Dangote Petroleum Refinery’s gantry after an extended period of price negotiations.
