Strong indications are showing that the Nigerian National Petroleum Company Limited has directed its retail outlets to raise the pump price of petrol to N855 per litre.
Nigerians woke up on Tuesday to find a change in pump prices, rising from around N600 to N855 per litre.
According to Punch, sources informed its correspondent that there was a directive for retail outlets to increase petrol prices.
The directive announced that the NNPC Retail Management had approved an upward review of PMS pump prices.
This development is coming about two days after the company admitted to challenges in importing fuel due to an $8 billion debt.