NNPC Raises Petrol Price to N1,299 in Abuja, Lagos Follows as Pump Prices Jump

The Nigerian National Petroleum Company Limited has increased the pump price of petrol at its filling stations in Abuja and Lagos. Abuja stations now sell petrol at N1,299 per litre, up from N1,250, while Lagos prices moved from N1,210 to N1,225 per litre.

Marketers adjust as Dangote gantry price climbs

The latest price review reflects a broader wave of adjustments by filling stations responding to higher product replacement costs. The movement follows rapid changes in Dangote Refinery's ex-depot price. Dangote raised its gantry price from N1,165 per litre to N1,185, then to N1,200, and finally to N1,265 within a single week. That is a N65 per litre jump from the most recent previous rate.

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said retailers had no choice but to align their pump prices with what it cost them to source the product. He noted that frequent depot price changes were creating significant uncertainty for both marketers and consumers, as replacement costs could shift sharply within days.

Filling stations across Abuja show new prices

Several filling stations in the Federal Capital Territory have already reflected the higher costs. AY Shafa raised its price from N1,250 to N1,270 per litre, while Optima moved from N1,260 to N1,300 per litre.

These increases came despite a decline in international crude oil prices. Brent crude was trading at $88.10 per barrel, down 0.47%, while West Texas Intermediate slipped 0.16% to $83.40 per barrel, having fallen from roughly $92 per barrel.

Economist urges government intervention

Economist Samson Ogunjimi described the situation as increasingly difficult for ordinary Nigerians, who are already dealing with the knock-on effects of high fuel costs across transportation and daily expenses. He urged the Federal Government to step in and stabilise prices before the burden deepens further.

Meanwhile, Dangote Petroleum Refinery has introduced a free petrol delivery programme for fuel marketers across six Nigerian states. The announcement came days after the refinery opened the sale of petrol to all licensed marketers, ending its previous consortium marketing arrangement. The refinery said all qualified marketers can now purchase products directly from its loading gantry, widening access to locally refined petrol and allowing more participants to source fuel without going through intermediary arrangements.

For Nigerian consumers and businesses, the latest pump price increases mean higher transport costs and more pressure on household budgets. With marketers warning that depot price instability could continue, the outlook for stable fuel prices remains uncertain.