Monday, March, 9 2026 - The Nigerian National Petroleum Company Limited, NNPCL, and other filling stations have increased their Premium Motor Spirit (PMS) pump price for the second time in less than 24 hours following Dangote Refinery’s gantry price hike.
The state-owned oil firm on Sunday adjusted its pump price
from N967 to N1,082 per liter in Abuja and its environs, representing a N115
increase per liter.
This followed an earlier adjustment from N960 to N967, also reported by
DAILY POST. With the latest hike, NNPCL retail outlets have raised petrol
prices by N207 in less than a week.
The latest prices have been implemented across NNPCL retail
outlets in Kubwa Expressway, Gwarimpa, Wuse Zone 6, Zone 4, and Lifecamp.
Similarly, other filling stations, including MRS, AA Rano
Ranoil, and Empire Energy, have adjusted their fuel pumps at least twice, with
prices now ranging between N1,092 and N1,150 per liter, up from around N960 to
N980 per liter.
Speaking on the fuel price hike, the National President of
the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy
Gillis-Harry, said the domestic petrol price increase is linked to global crude
oil price volatility.
“The Dangote Refinery gantry petrol price hike and retail
price adjustment are due to crude price volatility caused by the Iran–US–Israel
conflict affecting the Gulf region,” he said.
He, however, called on oil sector regulators in Nigeria to
intervene to prevent further petrol price volatility.
Recall that Dangote Refinery had increased its petrol
gantry price by N121, from N874 to N995 per liter, as crude oil prices
surged above $90 per barrel.
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