The federal government has finally bowed to antics of petroleum products marketers who have wittingly adjusted upward the pump price of Premium Motor Spirit(PMS) also called petrol.
Though, before yesterday’s report claiming that the Nigerian National Petroleum Company(NNPC) Limited had officially approved pump from N165 per litre to N179 per litre, most petroleum dispensing outlets in major cities across the country have clandestinely adjusted their pumps upwards.
Checks in Abuja and nearby Niger and Nasarawa states reveal that NNPC stations are selling at N179 per liter while other major stations have adjusted their price boards to N185/litre for petrol or PMS while diesel or Automotive Gas Oil (AGO) is sold for N850/l.
However, petrol marketers associations have kept mum on the development.
According to reports, the NNPC, in a notice to fuel marketers, directed them to change the petrol price on pumps to the new price effective Tuesday.
This was even as the company equally increased the ex-depot price from N148.17 to N167 per litre.
This was even as the company equally increased the ex-depot price from N148.17 to N167 per litre.