By John Ikani
The pump price of Premium Motor Spirit (PMS) has been quietly increased from N165 per litre to N179 per litre by the The Nigerian National Petroleum Company (NNPC) Limited effective from Tuesday (Today).
This hike comes weeks after petrol scarcity resurfaced across the country as fuel retailers were adopting different price bands to force unofficial deregulation attempts.
NNPC in a notice to fuel marketers directed them to change the petrol price on pumps to the new price effective today. This was even as the company equally increased the ex-depot price from N148.17 to N167 per litre.
Recall that Heritage Times (HT) had reported the unofficial deregulation attempts by fuel retailers as they have adopted different price bands.
Findings by local media Guardian Nigeria across some filling stations in Lagos revealed that majority of the filling stations have adopted different price models, while some filling stations have changed the price on their meters to reflect the current price they are selling at, others have left theirs to show the approved retail price of N165 per litre but were selling above the displayed price.
For instance, the Mobil filling station in Agidingbi sold a litre of petrol at N170 per litre on Friday and that was evidently displayed on their meters.
The development was also the same at Enyo filling station at Chisco bus stop, in Lekki, which now sells for N170 per litre, Eterna filling station at Jankade bus stop, Lekki sells at N180 per litre and Mobil Filing station, by Osapa London, Lekki now selling at N170 per litre.
See the new prices below.