The Nigerian National Petroleum Company Limited has raised its pump price of petrol in Abuja by 14.8 per cent to N1,030 per litre from N897.

The latest price increase makes it the second time the petrol price has been hiked in about four weeks.

The company had in September increased pump price from N615 per litre to N897.

With this development, the expectation is that other marketers will sell the product above the NNPCL pump price.

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