• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, June 1, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
Home Economy And Business

BREAKING: NNPC Filling Stations Adjust Petrol Price To Over N800 Per Liter (VIDEO)

some NNPC retail stations in Lagos are selling fuel between N865 to N897 per litre from N568 per liter.  

by NewsOnline Nigeria
September 3, 2024
in Economy And Business, Headline
0
Petrol Price

NNPC Filling Stations have adjusted Petrol Price to over N800 per liter.

 

NewsOnline Nigeria reports that the Nigerian National Petroleum Corporation (NNPC) Limited filling stations in Lagos have adjusted the price of petrol to N855 amid ongoing fuel scarcity, Nairametrics has confirmed.  

 

This Nigeria news platform observed on Tuesday morning that some NNPC retail stations in Lagos are selling fuel between N865 to N897 per litre from N568 per liter.  

 

ALSO: NMDPRA, NNPC Sign Agreement To Sell Crude Oil To Dangote Refinery In Naira

 

This is coming after the recent admission by the NNPC that its capacity to supply petrol to local marketers is jeopardized by its debt obligations to international oil traders—amounting to approximately $6 billion.  

 

In the past few weeks, fuel queues have been a common sight in major cities across Nigeria, leaving citizens struggling to obtain fuel. 

 

“NNPC Ltd. Has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.  

 

“In line with the Petroleum Industry Act (PIA), NNPC Ltd. Remains dedicated to its role as the supplier of last resort, ensuring national energy security. We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide,” Soneye said. 

 

View this post on Instagram

A post shared by GoldMyne (@goldmynetv)

 

NewsOnline Nigeria had earlier reported that Fuel scarcity has returned to major cities like Lagos and Abuja, with vehicles seen queuing at the few filling stations selling petrol. 

 

This comes as NNPC denies owing oil traders a $6.8 billion fuel subsidy debt, which some believe is contributing to the supply challenges. 

Major roads in Lagos and Abuja were noticeably empty, as observed by Nairametrics, due to motorists lacking petrol to move around. 

Even NNPC-owned filling stations were completely shut, with some motorists waiting in front, hoping the stations would eventually open. 

The product was sold yesterday at prices ranging from N840 to N1,000 at various locations across the country.

Previous Post

BREAKING: NMDPRA, NNPC Sign Agreement To Sell Crude Oil To Dangote Refinery In Naira

Next Post

BREAKING: NNPCL Officially Increases Petrol Price Across Nigeria

Next Post
NNPC

BREAKING: NNPCL Officially Increases Petrol Price Across Nigeria

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

+447743746184 WHATSAPP ONLY

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria