The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday approved an upward review in the pump price of petroleum nationwide.
The approval takes effect from Wednesday, 31 May, the NNPCL said in a circular on Wednesday.
The development comes days after the government’s declaration that it will put an end to the fuel subsidy regime.
Fuel queues returned to Nigerian cities Monday as many motorists scrambled to get petroleum products hours after President Bola Tinubu announced that the government would put an end to the fuel subsidy regime.
Mr Tinubu, on Monday, in his inaugural address at Eagle Square, Abuja, declared that there would no longer be a petroleum subsidy regime as it was not sustainable.
The pump price for Plateau increased from N189 to N537 per litre, while Kwara was increased from N189 to N515 per litre.
The pump price in Kogi was increased from N189 to N537, Benue increased from N189 to N537, Niger state was increased from N189 to N537, Adamawa was increased from N199 to N550 per litre, and Taraba was increased from N199 to N550 per litre.
Confirming the adjustment in price on Wednesday, the NNPCL, in a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad, said it had adjusted the pump prices of PMS across its retail outlets in line with current market realities
