Fuel prices have climbed again across Nigeria, with the Nigerian National Petroleum Company Limited (NNPCL) and several other filling stations adjusting their pump prices upward.
A visit to NNPCL outlets in Abuja on Tuesday showed that petrol now sells for N960 per litre, up from N875 per litre on Monday — an increase of N85 per litre. The new price has already taken effect at stations along Kubwa Expressway, Gwarimpa, Wuse Zone 6, Zone 4, and other parts of the capital.
Private marketers have followed suit. Empire and Ranoil Sharon stations have raised their prices to between N960 and N980 per litre.
Meanwhile, an outlet of MRS Oil Nigeria Plc along Kubwa Expressway had yet to begin dispensing fuel as of the time of filing this report. However, a manager at one of its Abuja stations, who spoke anonymously, said their pump price would also be reviewed upward following a recent increase in gantry prices by Dangote Refinery.
The development comes after Dangote Refinery raised its petrol gantry price to N874 per litre on Monday, citing rising global oil prices triggered by renewed hostilities in the Middle East.
Earlier, both the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) had warned that Nigerians should expect higher pump prices from Tuesday.
With the latest adjustment, motorists in Abuja are now paying significantly more at the pump, as the ripple effects of global oil market tensions continue to hit home.