Our reporter/ The Nigerian National Petroleum Company Limited has directed its retail outlets to raise the pump price of petrol to N855 per litre.
The change in pump prices from around N526 to N855 per litre in NNPC filling stations was effected on Tuesday morning.
The directive for retail outlets to increase petrol prices was a directive from the NNPC hierarchy, according to sources familiar with the development.
The directive stated that the NNPC Retail Management had approved an upward review of PMS pump prices.
This development comes barely two days after the company admitted to challenges in importing fuel due to an $8 billion debt.
The NNPC has so far not officially commented on the development.
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