Retail stations owned by the Nigerian National Petroleum Company Limited (NNPC) have raised the pump price of Premium Motor Spirit (petrol) to ₦945 per litre in the Federal Capital Territory as of Monday.
In Lagos, the pump price was also adjusted to ₦915 per litre across several NNPC outlets, reflecting a new upward trend in the downstream retail market.
This latest hike represents an increase of ₦45 in Lagos and ₦35 in Abuja, compared to the previous prices of ₦870 and ₦910 per litre, respectively.
The adjustments follow a recent move by Dangote Petroleum Refinery, which raised its ex-depot price of petrol from ₦825 to ₦880 per litre, prompting a widespread industry response.
The new pricing was implemented across several NNPC-owned filling stations, intensifying the financial strain on consumers already grappling with high transportation and living costs.
At the NNPC retail outlet in the Federal Housing area of Kubwa, Abuja, the new price of N945 per litre was boldly displayed, with similar adjustments noted at the state-owned mega station along Obasanjo Way.
In Lagos, stations located in Igando and along the Badagry Expressway reflected the revised N915 per litre rate.
The ripple effect was also visible across private retail outlets. MRS filling stations, a strategic partner of the Dangote refinery, raised pump prices to N925 per litre in Lagos, up from N875.
