NNPCL INCREASES FUEL PRICE TO N945 PER LITRE IN ABUJA, N915 IN LAGOS.

The Nigerian National Petroleum Company Limited (NNPCL) has increased petrol prices to ₦945 per litre in Abuja and ₦915 per litre in Lagos, thereby signifying a ₦35 increase in Abuja and a ₦45 hike in Lagos from the previous prices of ₦910 and ₦870 per litre, respectively.

The price hike follows Dangote Petroleum Refinery's recent increase in ex-depot price from ₦825 to ₦880 per litre, just as other retail outlets have also adjusted their prices.

Independent marketers have warned that petrol prices could reach ₦1,000 per litre if crude oil prices exceed $80 per barrel, as the ongoing conflict between the US and Iran has led to increased crude oil prices, potentially disrupting supply and further driving up fuel costs. 

##UTVAfrica##