The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday hiked its pump price from N617 per litre to N897/litre.
Newsmen observed from the retail outlet on Olusegun Obasanjo Way, Abuja that the adjustment was already effected as at 12:35pm.
It was besieged by armed soldiers, policemen and other security operatives waiting to avert any crisis resulting from the hike.
The increase followed an unconfirmed report quoting the NNPCL Retail Management has approved the upward review decision.
The unconfirmed notice reads: “PMS PRICE REVIEW Good Morning All, “This is to inform you that NNPC Retail Management has approved upward review of PMS pump price from N617/itre to N897/liter effective today, 3rd September, 2024.
“Please ensure all your pumps and totems (price boards)/MIDs reflect the new PMS price of N897/liter.”
NNPCL Chief Corporate Communications Officer, Mr. Olufemi Soneye could not confirm nor deny the story.
He promised to give an update on the matter if there is any.
When contacted by The Nation, he said: “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.”
But Nelsdaily observed most of NNPCL retail outlets stopped vending at the time of filing this report in Abuja.
Several other ones were apparently waiting for the instruction on what to do.
Speaking with Newsmen on phone, Independent Petroleum Marketers Association of Nigeria (IPMAN) said it has received directive from NNPCL that there is N240 per litre increase.
Its National President, Alhaji Abubakar Maigandi, told newsmen that marketers were trying to figure out what their new pump price would be.
“NNPCL has notified us that the price has been increased by N240/litre. So we are trying to calculate what we will be our own pump price,” he stressed.
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