NNPC Increases Petrol Price In Abuja Full Details

The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of petrol to ₦915 per litre in Lagos and ₦945 in Abuja, sparking renewed concern among consumers and industry players.....KINDLY READ THE FULL STORY HERE▶

This latest adjustment, which took effect on Monday, marks a ₦45 jump from the previous ₦870 in Lagos and a ₦35 rise from the ₦910 previously charged in Abuja.

According to The Cable, several NNPC stations swiftly adopted the new pricing. At the Fin Niger outlet on the Badagry Expressway and the company’s Igando station, petrol was sold at ₦915 per litre. Meanwhile, in Abuja’s Federal Housing area of Kubwa, motorists paid ₦945 per litre.

Private marketers also adjusted their prices. MRS, a Dangote refinery partner, raised its pump price to ₦925 from ₦875. TotalEnergies followed suit, selling at ₦910, up from ₦879. Oluwafemi Arowolo Petroleum in Iba also sold petrol at ₦920 per litre.

The hike comes on the heels of Dangote refinery’s decision to raise its ex-depot petrol price to ₦880 per litre, ahead of the June 15 launch of its nationwide fuel and diesel logistics operations. The refinery also revealed it has acquired 4,000 CNG-powered tankers, reinforcing its push to dominate the downstream supply chain.

However, the move has stirred concern within the industry. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) warned that the Dangote-led distribution model could lead to monopoly-like conditions and widespread job losses. The Major Energies Marketers Association of Nigeria (MEMAN) also urged for regulatory clarity and oversight to ensure a fair and competitive fuel market.