The Nigerian National Petroleum Corporation (NNPC) has increased the pump price of petrol at its retail outlets by N4 from N141 to N145 per litre, Daily Trust reports.

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Though the new N145 price remains within the maximum price cap fixed by the federal government in May, this is the first time fuel at NNPC’s outlets will be sold at that price.

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Before now, prices have been hovering between N143 and N141 per litre at NNPC and affiliate stations in major cities and even less at stations in the hinterlands.

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