Breaking: Petrol Price Has Been Slash Down

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦865 to ₦992 per litre.

As of Monday, the company had not provided an official explanation for the sudden price hike.

During visits to several NNPC retail outlets by The Nation, attendants were observed adjusting pumps to reflect the new rate. At the Ogunusi Road, Ojodu Berger, Lagos station, attendants confirmed that they had been instructed to set the price at ₦992 per litre.

However, at Ibafo on the Lagos–Ibadan Expressway, some NNPC stations still displayed the old price of ₦875 per litre but were not dispensing fuel to customers. Several other outlets were also not selling petrol, raising concerns over availability.

Dangote Refinery Dismisses ‘Dirty Fuel’ Claims

The price increase comes shortly after Dangote Refinery denied reports that it imported high-sulphur petrol into Nigeria.

In a statement on Friday, the refinery called the reports “false, malicious, and misleading.” The media claims suggested that Dangote Refinery imported High-Sulphur Catalytic Gasoline from the UK, with sulphur levels reaching 690 parts per million (ppm), far exceeding Nigeria’s legal limit of 50 ppm under the Clean Fuels policy.

The refinery reaffirmed that it did not import substandard fuel and emphasized its commitment to environmental safety and quality standards.