Fuel price hits N897 at NNPC outlets

Petrol pump price rose to N897 per litre at various outlets of the Nigerian National Petroleum Company Limited (NNPC Ltd) in Abuja on Tuesday.

The recent development comes amid struggles by the nation’s oil company to supply the local market.

Last Sunday, the NNPC said its ability to sustain regular supply of petrol across Nigeria is under threat. The oil company said it is under financial duress due to Premium Motor Spirit (PMS) supply costs, impacting supply sustainability.