The Nigerian National Petrol Company Limited, NNPCL, has said it adjusted pump prices of Premium Motor Spirit known better as petrol across the country in line with “current market realities”.
This was reflected in a statement issued on Wednesday and signed by its Chief Corporate Communications Officer, Garba Deen Muhammad.
From Monday, the pump price of petrol skyrocketed to N600 per litre from N195/litre in many parts of the country.
The development equally triggered a 100 per cent hike in transport fares, while long queues resurfaced at fuel stations across Lagos, Abuja, Ilorin, Benin, Asaba, Port Harcourt, Kano, Makurdi and other major cities and urban areas.
Tinubu had in his inaugural address at the Eagle Square on Monday pronounced with finality an end to subsidy, noting that the 2023 Appropriation Act did not provide for petrol subsidy beyond June; the end of the 18-month extension period approved by the Muhammadu Buhari administration for the discontinuance of the subsidy regime.
Earlier on Wednesday, oil marketers confirmed the hike in the pump price of petrol to over N500 per litre depending on the location of purchase.
A document that allegedly emanated from the NNPC showed the latest cost of PMS in various states and the Federal Capital Territory.
Figures in the document indicated that while the cost of petrol in Borno State was put at N557 per litre, the prices in Lagos, Abuja, Enugu and Ekiti were outlined as N488 per litre, N537 per litre, N520 per litre, and N500 per litre respectively.
But confirming the price hike, the NNPC said it adjusted the pump prices of PMS across its retail outlets in line with current market realities.
Full list of the new NNPC Pump Price per State for Petrol as released on 31st May, 2023
Lagos: ₦488 per litre
FCT Abuja: ₦537 per litre
Abia: ₦515 per litre
Adamawa: ₦550 per litre
Akwa Ibom: ₦515 per litre
Anambra: ₦520 per litre
Bauchi: ₦550 per litre
Bayelsa: ₦515 per litre
Benue: ₦537 per litre
Borno: ₦557 per litre
Cross River: ₦511 per litre
Delta: ₦511 per litre
Edo: ₦511 per litre
Ekiti: ₦500 per litre
Enugu: ₦520 per litre
Ebonyi: ₦520 per litre
Gombe: ₦550 per litre
Imo: ₦515 per litre
Jigawa: ₦540 per litre
Kaduna: ₦540 per litre
Kano: ₦540 per litre
Katsina: ₦540 per litre
Kebbi: ₦545 per litre
Kogi: ₦537 per litre
Kwara: ₦515 per litre
Nasarawa: ₦537 per litre
Niger: ₦537 per litre
Ogun: ₦500 per litre
Ondo: ₦500 per litre
Osun: ₦500 per litre
Oyo: ₦500 per litre
Plateau: ₦537 per litre
Rivers: ₦511 per litre
Sokoto: ₦540 per litre
Taraba: ₦550 per litre
Yobe: ₦557 per litre
Zamfara: ₦540 per litre
The statement read, “As we strive to provide you with the quality service for which we are known, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.
“We assure you that NNPC Limited is committed to ensuring a ceaseless supply of products.
“The company sincerely regrets any inconvenience this development may have caused.
“We greatly appreciate your continued patronage, support, and understanding during this time of change and growth.”
