Transportation costs are set to skyrocket in the Federal Capital Territory following the hike in the price of petrol by some stations of the Nigerian National Petroleum Company Limited in Abuja on Wednesday. The stations of the national oil company have raised the retail price of petrol to N1,030 from N897 per litre, our correspondent observed across multiple NNPCL stations in the FCT. The new price, the second increase in one month, represents a 14.8 per cent or N133 rise. At the NNPCL mega station located in Central Area, a customer, who spoke to PUNCH Online, said the product was sold at N1,030. However, checks by our correspondent at independent marketers’ stations, including Conoil and Total Energies, opposite the NNPCL headquarters, showed the product was sold at N926, but with long queues.

Source: Punch October 09, 2024 12:04 UTC