The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS) across its retail outlets, with motorists now paying ₦955 per litre for petrol.

Findings by Daily Post on Monday revealed that NNPCL retail outlets along the Kubwa Expressway, Wuse, and other parts of Abuja have adjusted their meters from ₦890 to ₦955 per litre.

Similarly, the new pump price has been implemented in several filling stations across Kogi and Nasarawa states, reflecting a ₦65 increment.

Naijaonpoint reports that this development follows last weekend’s increase by independent petroleum marketers and filling station owners in Abuja, who adjusted their prices to between ₦950 and ₦971 per litre.

Their decision was attributed to the recent upward review of the ex-depot petrol price by Dangote Refinery to ₦858 per litre, up from ₦820.

Findings carried out by Naijaonpoint, on Monday, indicate that petrol is selling for as high as ₦910 per litre in some parts of Kwara State, while some filling stations in Ilorin, the state capital, are selling between ₦870 and ₦885 per litre.

Naijaonpoint had earlier reported that there are indications that the price of petrol may hit ₦900 per litre this week if the price of crude oil continues to hover around $70 per barrel.

This development comes amid a decision by OPEC+, a group comprising non-members of the Organisation of the Petroleum Exporting Countries, to raise oil production by 547,000 barrels per day for September.