Petrol Hits N1,300 Per Litre Nationwide as NNPC, Marketers Adjust Prices
By Aboki Forex —
Nigerians are facing another round of fuel price hikes as petrol pump prices across filling stations now exceed N1,300 per litre. The Nigerian National Petroleum Company Limited and other marketers like Ardova, MRS, and First Royal have adjusted prices to reflect current market realities.
A survey by the News Agency of Nigeria shows average petrol prices rose from about N1,250 to over N1,300 per litre. Some outlets sold as high as N1,440 per litre. In Lagos, NNPC retail outlets increased prices from N1,230 to N1,320 per litre. In Abuja, the product sold for N1,364 per litre.
Northern states recorded the highest prices. Yobe had the highest at N1,395 per litre, followed by Borno at N1,390 and Adamawa at N1,385. Lagos, Ogun, and Oyo recorded the lowest at N1,320. Osun sold at N1,325, while Ondo recorded N1,330 per litre.
Other NNPC prices across states include: Akwa Ibom N1,345, Bauchi N1,375, Bayelsa N1,340, Cross River N1,335, Delta N1,340, Edo N1,345, Gombe N1,375, Imo N1,369, Kaduna N1,365, Kano N1,370, Katsina N1,377, Kebbi N1,365, Kogi N1,360, Nasarawa N1,370, Plateau N1,375, Rivers N1,340, Sokoto N1,378, Taraba N1,372, and Zamfara N1,370.
Ardova, MRS, First Royal, and other marketers are selling petrol at N1,310 to N1,340 depending on location in Lagos.
Mr. Hassan Dogara, Station Manager at NNPC Falomo, described the fuel market as volatile. He attributed the increase to global supply disruptions and rising operational costs. Fluctuations in the international oil market and logistics expenses continue to affect local fuel prices, he said.
Residents and transport operators say the latest hike is worsening transportation costs. A commercial driver in Lagos, Adeyemi Olufemi, said his daily fuel expenses jumped from about N11,000 to nearly N23,000. “The increase has made business difficult because many people now prefer walking or staying at home,” he said.
In Festac Town, fashion designer Oluwaseun Alamu said he relies heavily on petrol-powered generators due to poor electricity supply. “Things are very difficult now. Paying for necessities is expensive, and I have had to reduce my living expenses drastically,” he said.
A businesswoman in Surulere, Bilikis Oladeji, said she now spends at least N50,000 weekly on fuel to support her business activities.
Earlier, Dangote Refinery increased its ex-depot price of Premium Motor Spirit from N1,200 per litre to N1,275 per litre. The refinery’s coastal price was also raised to N1,215 per litre, signalling fresh pressure across the downstream petroleum market and raising fears of a nationwide increase in pump prices.