Two days after it cried out that the burden of petrol price has pushed it into over $6 billion debt, the Nigerian National Petroleum Corporation, NNPC, Limited, on Tuesday morning, increased its pump price of fuel from N617 per litre to N897 per litre.

This is an increase of over 45 percent.

Checks at NNPC Retail stations in Abuja reflected the new fuel price.

When contacted by Vanguard, the company’s Chief Communications Officer, Mr Olufemi Soneye, said he was not aware of any price increase.

“I’m not aware of this. Thank you for reaching out. I have no comment on the matter at this time.

“If there are any updates, I will make sure to inform you. I appreciate your understanding,” he responded via WhatsApp.

An unconfirmed trending message on social media platforms had earlier hinted at the new fuel price.

The message read: “Good morning all. This is to inform you that NNPC Retail Management has approved an upward review of PMS pump price from N617/litre to N897/litre effective today, 3rd September 2024.

“Please, ensure all your pumps and totems (price boards)/MIDs reflect the new PMS price of N897/liter. Thank you.”

Credit: Vanguard