The Nigerian National Petroleum Company Limited has increased petrol pump prices by more than 200 percent, putting the cost of fuel to between N488 and N557 per litre.
According to a copy of a revised pricing template allegedly issued to oil merchants late yesterday by the NNPCL management, the new price adjustment was to take effect starting Wednesday.
From the new price template, Lagos State has the least price of N488 per litre while Maiduguri and Damaturu have the highest pump prices of N577 per litre.
The new NNPCL price template is applicable only to NNPCL retail outlets.
