*Sells at N855/litre from today
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By Francesca Hangeior.
There are strong indications that the Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit popularly known as petrol.
Reports have it that the product sold for N855 per litre at an NNPCL filling station in Ikoyi, Lagos, up from N568.
This is coming barely 24 hours after the NNPCL raised the alarm that it had incurred about $6bn debt.
For about two weeks now, there has been resurgence of queues in and around the Capital city as motorists struggle to get the product.
Details later…
