Just two days after announcing that soaring petrol prices had pushed it into over $6 billion in debt, the Nigerian National Petroleum Corporation (NNPC) Limited has raised its pump price from N617 to N897 per litre—an increase of more than 45 percent.

The new prices were observed at NNPC retail stations in Abuja. When contacted, the company’s Chief Communications Officer, Olufemi Soneye, claimed he was unaware of the price hike and had no comment on the matter. He assured that any updates would be communicated in due course.

Earlier, an unverified social media message hinted at the price increase, stating: “Good morning. NNPC Retail Management has approved a new PMS pump price of N897 per litre, effective today, 3rd September 2024. Please update all pumps and price boards accordingly. Thank you.”