An NNPCL representative stated, “Ending the exclusive agreement provides more flexibility for independent marketers and could help stabilise supply in the long term.”
Fuel prices in the Federal Capital Territory (FCT) have soared from ₦897 per litre, while in Lagos, the previous price of ₦885 has now risen to ₦998 per litre.
These hikes have led to long queues at filling stations across these cities, adding pressure on consumers already affected by the cost of living.
The price adjustment recently marks one of the highest pump prices, sparking public frustration.
Residents in both Abuja and Lagos have voiced concerns over affordability and the potential ripple effects on transportation and food prices.
