The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has identified “difficulty in landing products” as the possible reason for the recent hike in the price of Premium Motor Spirit popularly known as petrol.
The Nigerian National Petroleum Company Limited (NNPCL) outlets in Lagos sold a litre of petrol for ₦998 which is ₦150 higher than the initial price of ₦855.
The situation remains the same in Abuja where the product pump price rose to ₦1,030 from ₦897 from per litre.
