Abuja Petrol Pump Prices: Comparing Dangote Refinery And NNPC

Abuja Petrol Pump Prices: Comparing Dangote Refinery And NNPC

As of Monday morning, the price of Premium Motor Spirit (PMS), commonly known as petrol, in major filling stations across Abuja varied between N897 and N980 per litre.

A DAILY POST correspondent visited several key outlets, including those operated by Independent Petroleum Marketers and the Nigerian National Petroleum Company Limited (NNPCL), confirming these price ranges.

“We have not received any updates regarding a price adjustment for PMS. We are still selling at N980 per litre,” reported Benjamin Idah from one of the filling stations.

This price fluctuation follows NNPCL’s recent announcement regarding September’s petrol pricing at its retail outlets, which came after purchasing fuel from Dangote Refinery at N898.78 per litre on Sunday.

Considering logistics and other associated costs, NNPCL indicated that the projected minimum retail price of PMS in Lagos is N950.22, while the maximum could reach N1,019.22 per litre.

This suggests that in the near future, prices could increase to between N950.22 and over N1,083 per litre as existing stocks are depleted.

On Sunday, NNPCL reported having loaded more than 70 trucks from Dangote Refinery at a price of N898 per litre. However, Dangote Group spokesperson Anthony Chiejina has disputed NNPCL’s claim, denying that the fuel was purchased at that rate.