The Nigerian National Petroleum Corporation, NNPC, Limited has increased its pump price of fuel from N617 per litre to N897 per litre.
The increment is coming two days after the company lamented it was owing petrol suppliers N6trillion.
The new increase represents over 45 percent.
Several NNPC filling stations have adjusted their pumps to reflect the new fuel price.
An unconfirmed trending message on social media platforms had earlier hinted at the new fuel price.
The message read: “Good morning all. This is to inform you that NNPC Retail Management has approved an upward review of PMS pump price from N617/litre to N897/litre effective today, 3rd September 2024.
“Please, ensure all your pumps and totems (price boards)/MIDs reflect the new PMS price of N897/liter. Thank you.”