Nigeria's state-owned oil company, NNPC Ltd, has increased petrol prices by over 15%, marking the second hike in less than a month and the exit from a costly subsidy programme that has strained its finances.

BBC News Pidgin tori pesin see say di national oil company don adjust dia fuel price to 998 naira ($0.52) for Lagos and 1,030 for Abuja.

Nigerians woke up to the rude shock of another Premium Motor Spirit (petrol) price increase to between N1030 and N1,200 per liter orchestrated by the Nigerian National Petroleum Company Limited and Dangote Refinery,

Nigerians are reacting to the new fuel price at the Nigerian National Petroleum Company Limited (NNPC Ltd) as the federal government begins full deregulation.

Reports suggest that fuel stations owned by independent marketers are also adjusting their prices, with many crossing the N1,000 per litre threshold. ・NNPC raised petrol price to N1,030 per litre in Abuja and N998 in Lagos.