NNPC silent as filling stations increase petrol price to N855/litre

There are speculations that the Nigerian National Petroleum Company Limited (NNPC) has instructed its retail outlets to hike the pump price of petrol to N855 per litre.

A quick check on Tuesday,has shown that there is an increase from around N600 to N855 per litre.

It is believed that there was a directive for retail outlets to increase petrol prices.

The directive announced that the NNPC Retail Management had approved an upward review of PMS pump prices.

This development comes barely two days after the company admitted to challenges in importing fuel due to an $8 billion debt.

However, the NNPC spokesperson, Olufemi Soneye, declined to comment when contacted by Punch.

“Thank you for reaching out. I have no comment on the matter at this time. If there are any updates, I will inform you,” Soneye said.