NNPC Raises Petrol Price To ₦1,030/litre

• Nigerian National Petroleum Company Limited (NNPC) has increased Abuja’s petrol prices by 14.8% to ₦1,030 per litre, from ₦897.

• In September, the price of petrol rose from ₦615 to ₦897 per litre, marking the second increase in a month.

• A Vanguard reporter visited Abuja’s NNPC mega station and observed drivers’ frustration over frequent price hikes, expressing concerns about the economic impact.

The Nigerian National Petroleum Company Limited (NNPC) has implemented a 14.8% increase in petrol prices in Abuja, raising the cost to ₦1,030 per litre from the previous ₦897.

This marks the second price hike within a month, following an increase in September when prices surged from ₦615 to ₦897 per litre.

During a recent visit to an NNPC mega station in Abuja, a reporter from Vanguard noted the visible frustration among drivers, who expressed their concerns regarding the economic impact of these ongoing price increases.

“It’s beyond belief. I have been in the queue for almost an hour and I didn’t know they had increased the price. Tinubu is not concerned about our suffering,” lamented taxi driver Usman Abah.

This adjustment in pricing comes after NNPC’s decision to terminate its exclusive purchasing agreement with Dangote Refinery. As of Monday, this termination permits other marketers to procure petrol directly from the refinery.

With this transition, NNPC is no longer the exclusive off-taker, allowing marketers to negotiate their own prices directly with Dangote Refinery.

This development signifies a move towards fully deregulated market practices, enabling refineries to operate on a “willing buyer, willing seller” basis.

In September, the price of petrol rose from ₦615 to ₦897 per litre, marking the second increase in a month.

In other news, Toke Makinwa has addressed women in relationships who divulge everything to their partners, including the secrets of their closest friends.

The media figure emphasized that women should maintain the confidentiality of their friends’ secrets.

She pointed out that when a friend confides in you, that information is meant solely for your ears and should not be shared with your partner, as the partner is not the friend’s confidant.

Makinwa further explained that this behavior contributes to men disapproving of their partners spending time with their best friends, as they often become privy to information about the friend that they should not know.

She remarked that such practices have led to the dissolution of numerous female friendships.