The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (petrol) to ₦945 per litre in Abuja and ₦915 per litre in Lagos, marking a significant spike in fuel costs.
The latest price adjustment, which took effect on Monday, represents an increase of ₦35 in Abuja and ₦45 in Lagos, up from the previous prices of ₦910 and ₦870 per litre, respectively.
This development follows the recent hike in ex-depot petrol prices by Dangote Petroleum Refinery, which raised its rate from ₦825 to ₦880 per litre, prompting a widespread response across the downstream sector.
The new pump prices were prominently displayed at various NNPCL-owned filling stations, including those in Federal Housing, Kubwa, and along Obasanjo Way in Abuja, as well as outlets in Igando and along the Badagry Expressway in Lagos.
Consumers are now facing heightened financial pressure, as the increase adds to the already surging costs of transportation and living expenses across the country.
