Fuel prices have increased nationwide, with the Nigerian National Petroleum Company (NNPCL) raising its pump price to about 937 naira per litre.
The Dangote Petroleum Refinery earlier raised its gantry price for Premium Motor Spirit to 874 naira per litre, blaming global crude oil volatility. Retail stations are now selling between 915 and 935 naira per litre.
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Meanwhile, the Independent Petroleum Marketers Association of Nigeria says prices could rise further to between 980 and 1,000 naira, depending on location. The hike followed a brief suspension of petrol loading after crude prices crossed 80 dollars per barrel.
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