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    MarketForces Africa » MarketForces News » NNPCL Increases Fuel Pump Price to N855

    NNPCL Increases Fuel Pump Price to N855

    Julius AlagbeBy Julius AlagbeSeptember 3, 2024 News No Comments1 Min Read
    NNPCL Increases Fuel Pump Price to N855
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    NNPCL Increases Fuel Pump Price to N855

    The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol from ₦568 to ₦855, ₦897 amid lingering fuel scarcity and the country’s crisis.

    NNPCL recently lament that its near financial distress could affect continuous supply of fuel native wide due to $6 billion debt owed to suppliers.  While the report from Abuja said price was jerked up to ₦897 per liter.

    Analysts said new price could reverse Nigeria’s disinflation expectation as other private stations are expected to increase price as well. The privatised state oil company is now the sole buyer of Dangote Refinery crude oil sales. #NNPCL Increases Fuel Pump Price to N855

    UN, Nigeria to Boost Partnership on Food Security, Agric Productivity

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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