In response to the news of a gasoline price cut, the Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of its premium motor spirit (PMS).
On Friday, Footynaija checked and found that NNPCL had raised the price of gasoline from N1,370 to N1,405 per litre.
The most recent price hike was announced on Thursday but put into effect on Friday, according to multiple petrol station attendants who talked to Footynaija anonymously.
As a result, the price of petrol at NNPCL rose by N35/litre, with no justification provided by the state-owned oil firm.
You may remember that following a sudden spike to N1,405 per litre on Monday, NNPCL reverted to N1,370 per litre Monday.
In anticipation of the presidential election on January 16, 2027, Minister of Finance Taiwo Oyedele recommended a set petrol gantry price of N1,375 per litre on Thursday.