Viral
NNPC Raises Petrol Price to ₦1,405 Per Litre Amid Discount Controversy
New price represents a ₦35 increase, as questions emerge over the Federal Government’s proposed petrol discount.
The Nigerian National Petroleum Company Limited (NNPC) has increased its petrol pump price to ₦1,405 per litre, amid controversy surrounding the Federal Government’s proposed fuel discount.
The new price represents an increase of ₦35 from the previous rate of ₦1,370 per litre. According to reports, the adjustment took effect at NNPC filling stations on Friday, following an announcement reportedly made on Thursday.
Some filling station attendants confirmed the new price but spoke on condition of anonymity. NNPC has yet to publicly explain the reason for the latest increase.
The development comes amid questions over a proposed petrol discount announced by the Minister of Finance, Taiwo Oyedele.
Oyedele reportedly announced a proposed fixed petrol gantry price of ₦1,375 per litre on Thursday, ahead of the January 16, 2027 presidential election.
With the new pump price at ₦1,405 per litre, NNPC’s retail rate is ₦30 higher than the proposed gantry price. However, the two figures apply at different stages of fuel distribution.
The price adjustment has raised questions about the implementation of the proposed discount and how it will affect consumers purchasing petrol at NNPC filling stations.
As of the report, NNPC had not issued an official explanation addressing the latest increase or clarifying how the pump price relates to the proposed discount.
TRACKNEWS ONLINE
Bringing You the Latest News and Updates.
Tinubu’s Appointed DG Dayo Mobereola Splashed N879.1 Million On Television, Adverts And Store Items At The Nigerian Maritime Administration And Safety Agency And Accounted For None Of It
“The Leave Is Not A Disciplinary Sanction” — Anglican Primate Sends Archbishop Ibezim On Six-Month Leave Over ₦2bn Church Land Allegation
“Expedite Their Confirmation Ahead Of The General Elections” — Tinubu Nominates Four INEC National Commissioners, Two RECs
IGP Kayode Egbetokun Crowned His Final Full Year Paying N1.32 Billion For Helmets From A Ghost Firm And N8.6 Billion For One Helicopter
Niger miners’ deaths: Suspended NSCDC Commandant apologises; lawyer says advice on minors was ignored
“Government Borrowed Education Funds To Meet Other Obligations” — Reps Summon Oyedele, Ogunjimi As ₦75bn Remains Unpaid
It’s delusional to place all hopes on govt, citizens must strive to help themselves amidst hardship – Obi Achebe
Your Call For Atiku To Step Down Is Desperate Attempt To Advance Tinubu’s Political Interest’ – ADC Blasts Kwankwaso
“Every Action You Take In This System Can Be Reviewed” — NIS Deploys AI, Digital Audit Trails To Monitor Immigration Officers
Chukwuemeka Woke As NOSDRA DG Shared N805.78 Million Among Three Firms In A Single Day For One Hangar Project As Six Contractors Took The Bill To N1.04 Billion In Shame
Abiodun mourns Ogun FRSC sector commander Ogunjobi
‘Why Buhari Didn’t Want Tinubu to Become President’ – Baba-Ahmed Reveals
Police arrest 11 suspects in nationwide operations, rescue six abducted persons
Buhari Saw Tinubu As ‘Bad News’ For Nigeria, Says PRP Chairman
FCT Judicial Service Committee: N979 Million Contracts Shabbily Given By Its Management
NPFL: Kwara United, Abia Warriors share spoils
NUPRC OIL BLOCK SCANDAL: NIGERIA PROGRESSIVE MOVEMENT FIXES OCTOBER 30 FOR PROTEST, TO MARCH ON NATIONAL ASSEMBLY, EFCC, ICPC
WAFU B U-17 Championship: Golden Eaglets crash out after draw with Cote d’Ivoire
We Won’t Step Down For ADC – Kwankwaso Tells ADC
Blue Silks: Lawyers petition DSS, PCC over alleged persecution by Supreme court chief registrar
News6 days agoHow David Umahi Awarded Road Contracts To Two Different Firms With Exact Same Amount of ₦350.6 Million Road Bids Despite Their Ineligibility
- Politics7 days ago
All The Grammar By President Tinubu On His Achievements Have Not Reflected Positively On Nigerians – Okonkwo
- Politics6 days ago
THE WEEK: Fulani Militias Hack 12 Christians to Death in Benue, Five Others Die in Plateau, Niger Attacks
- News6 days ago
EXCLUSIVE: The AES Split Did Not Kill Nigeria’s Sahel Trade: 2025 Exports to Niger Rose to ₦131.77bn, Burkina Faso to ₦58.97bn, While Mali’s Collapsed to ₦8.05bn
- Metro5 days ago
“Bring Formal Complaints Over Omitted Candidates” — INEC To Announce Position On Supreme Court Electoral Act Judgment Today
- News7 days ago
Usmanu Danfodiyo University Sokoto Fails to Account for Over ₦9.3 Billion, Investigators Denied Access to Records
- News7 days ago
Federal College of Education Yola Under Provost Mohammed Degereji Bleeds ₦1.4 Billion in Contracts Awarded to Unqualified Firms
- News4 days ago
Exclusive: Gov. Sheriff Oborevwori Raged Over an Inner-Page Advert, Insulted Uncle Sam Amuka and Got Delta State Banned From Vanguard
