The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), marking the second adjustment within four days.
The state-owned oil company raised the petrol price to N967 per litre on Saturday from N960, representing a N7 increase per litre.
Checks show that the new price has already been implemented at NNPCL filling stations in Abuja and surrounding areas.
The latest adjustment follows an earlier hike by the company earlier in the week, when the pump price rose to N960 per litre from N875.
Other filling stations across the nation’s capital have also reviewed their prices upward, with petrol now selling between N967 and N1,000 per litre.
The price increase comes amid rising global crude oil prices. On Saturday, crude prices climbed by about 9 percent, pushing Brent crude and West Texas Intermediate above $90 per barrel.
The development also follows a recent price adjustment by the Dangote Refinery, which earlier in the week increased its gantry price of petrol by N75, citing the surge in crude oil prices triggered by tensions in the Middle East.
