The Nigerian National Petroleum Company Limited (NNPCL) has increased petrol price in Abuja from N537 to N617 per litre in all its filling stations.
The reason for the sudden increase could not be ascertained at the moment.
However, the new pump price it might not be connected to the recent projections by oil marketers that fuel price will hit N700 per litre soon.
TheHintsNews reports that some oil marketers had predicted that petrol prices could rise above N700 per litre in the northern region, while a litre of petrol goes for N600 in Lagos once independent marketers start importing the products from July.
It was observed that various NNPCL service stations at the Central Areas of Abuja had been adjusted to the new one.
Private filling stations are also expected to follow suit in adjusting their prices in the coming hours.
The federal government recently removed its subsidy on petrol, effectively leaving the market to the forces of demand and supply.
