By Adedapo Adesanya
The removal of fuel subsidy by President Bola Tinubu has brought about a hike in the price of premium motor spirit, otherwise known as petrol, across the country, and now, the Nigerian National Petroleum Company (NNPC) Limited at its retail stations has released the prices that it will sell across the country.
The price list seen by Business Post on Wednesday showed that there would be different prices that Nigerians will buy across each of the 36 states and the Federal Capital Territory, Abuja.
The lowest retail price will be in the commercial city of Lagos, where it set a benchmark of N488 per litre.
In neighbouring southwestern states of Ogun, Oyo, Osun, Ondo, and Ekiti, petrol will go for N500 at the company’s retail stations.
It will be a tougher situation in Nigeria’s conflict-ridden Northeast, where the prices, due to logistics and other tariffs, will be more expensive, with Borno and Yobo paying as low as N557 per litre for PMS. In Adamawa, Taraba, Bauchi, and Gombe, the commodity will sell for N550 per litre.
In the Northwestern states of Kano, Katsina, Kaduna, Sokoto, Jigawa, and Zamfara, petrol will go for a price of N540/$1 while it will be higher at N545 in Kebbi state.
In the Northcentral states, the capital city will sell for N537 per litre as well as in Nasarawa, Plateau, Kogi, Niger and Benue. For Kwara state, due to its proximity to the South West, prices will go for N515/litre.
In the South East states of Anambra, Enugu, and Ebonyi, the uniform price of N520 per litre was set, while Abia and Imo will sell at a cost of N515/litre.
Meanwhile, in the South-South, Rivers, Cross River, Edo, and Delta were pegged at N511 per litre, but for Akwa Ibom and Bayelsa, the state oil company set a retail price of N515 per litre.
This is coming a day after the Group Managing Director of the NNPC, Mr Mele Kyari, lamented the funding constraints on the operations of the NNPC, especially debts owed for previous subsidy payments.
“We’re not able to keep some of this cash to invest in our core businesses. And the end result is that it can be a huge challenge for the company and we have highlighted this several times to the government,” he said.
Modupe Gbadeyanka