The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday increased the price of Premium Motor Spirit (PMS), otherwise known as Petrol of fuel from N855 to N1,030 per litre.
It was gathered that the increment has been initiated across all NNPC Ltd filling stations.
FT NEWS reports that new development is a 12.7% or N113 increase from the initial price.
The new price, the second increase in one month, represents a 14.8 per cent or N133 rise.