THE NATION
On the day Dangote Refinery commenced the supply of petrol with a promise to make the product available in the market in 48 hours, the Nigerian National Petroleum Company (NNPC) Limited filling stations adjusted their meters to reflect new prices.
This action was amid a long-running scarcity of the product across the country.
There was no word from the national oil company on the new price regime.
The company only later in the day denied issuing a city-by-city price template which was circulating on social media.
Independent Petroleum Marketers Association of Nigeria (IPMAN) spokesman Ukadike Chinedu said NNPCL had not officially informed members about the price increase.
He said depot owners and marketers were awaiting further directives from the company.
Experts, however, gave reasons the oil giant might have effected the price change.
Petrol which sold for N568 at NNPCL filling stations in Lagos went for N855 per litre.
In Abuja where it sold for N617, the oil firm’s filling stations moved the price to N897.
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