As reactions continue to trail the Dangote Refinery and the Nigerian National Petroleum Company Limited’s fuel price deal, the House of Representatives Minority Caucus has described the N980 per litre of pump price as outrageous and exploitative.

Finding shows that oil marketers have begun lifting the Dangote petrol from the Nigerian National Petroleum Company Limited (NNPC) at N765 per litre.

As reactions continue to trail the Dangote Refinery and the Nigerian National Petroleum Company Limited’s fuel price deal, the House of Representatives Minority Caucus has described the N980 per litre of pump price as outrageous and exploitative.

The prices of Premium Motor Spirit (Petrol) stood between N897 and N980 per litre in major filling stations in the Federal Capital Territory, Abuja, as of Monday morning. DAILY POST correspondent who went around major filling station outlets,

Hopes for a potential reduction in petrol prices, following the commencement of supply from Dangote Refinery, were dashed, yesterday, as NNPC Limited released a new pricing template that raised pump prices by about 11 per cent to N950 per litre.

Nigerian state oil firm NNPC Ltd on Monday increased the price of petrol by 11%, the second increase in two weeks and a day after it started purchasing the fuel from the giant Dangote oil refinery on the outskirts of Lagos.

Petroleum marketers in Nigeria say they are standing in limbo over the controversy surrounding Dangote Refinery Premium Motor Spirit (petrol) pricing as released by the Nigerian National Petroleum Company Limited on Monday.