There are strong indications that the Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit popularly known as petrol nationwide.
A video sighted on Tuesday morning revealed that the product sold for N855 per litre at an NNPCL filling station in Ikoyi, Lagos, up from N568.
This is coming barely 24 hours after the NNPCL raised the alarm that it had incurred about $6bn debt.