Breaking News: NNPC officially increases fuel price from N189 to N488/N557 per litre

The Nigeria National Petroleum Company (NNPC) Limited, on Wednesday, adjusted its retail prices for premium motor spirit (PMS) from N189 per litre to a new price ranging between N488 to N557 per litre.

According to THE WILL source, a new table of retail prices for different geopolitical zones of the country to be effected by retail managers was instructed to take immediate effect beginning from May 31, 2023.

According to the new price schedule, petrol will sell highest in Maiduguri and Damaturu at N557 per litre, and N550 per litre in the rest of the Northeast zone.

The average price in the North Central zone will be N537 per litre except in Illorin, where it will sell for N515 per litre.

Consumers in the Southeast will buy at an average of N520 per litre.

Apart from Uyo and Yenegoa, where petrol will now sell at N515 per litre, the rest of the Southsouth zone will get the product at N511 per litre.

Consumers in Lagos will buy the product at N488 per litre while the rest of the Southwest zone will get the product at N500 per litre.

Note: The new price table in the story