News
NNPCL raises fuel price twice in 24 hours
The Nigerian National Petroleum Company Limited (NNPCL) and other filling stations have increased the price of Premium Motor Spirit (PMS) for the second time in less than 24 hours following a gantry price hike by Dangote Refinery.
Very Nigerian reports the state-owned oil firm on Sunday adjusted its pump price from N967 to N1,082 per liter in Abuja and surrounding areas, marking a N115 increase per liter.
This comes after an earlier adjustment from N960 to N967, also reported by Very Nigerian, meaning NNPCL retail outlets have increased petrol prices by N207 in less than a week.
Very Nigerian noted that the new prices have been implemented across NNPCL 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.
Follow Us on Google Discover
French authorities arrest teen over alleged plot to abduct Kylian Mbappe
Fury blasts Joshua, calls him ‘Coward’ as blockbuster fight delays
PFIPC: Reps clear Gbajabiamila, uncover forged documents
Wike tackles APC governors, accuses Uzodinma, Abdulrazaq of plotting against him
Akwa Ibom Gov’t sparks controversy after describing Akpabio as ‘Acting President’
I think about Tinubu’s re-election everyday, if he loses, Atiku, Obi will deal with me – Wike
Kwankwaso arrives Port Harcourt ahead of 2027 election
Uber announces exit from Nigeria after 12 years
2027: Any LG chairman who fails to deliver victory for APC, Tinubu will lose his seat – Gov Nwifuru
Wike sets 2027 deadline for completion of FCT projects
African Union to launch credit rating agency October 7
Tinubu’s ‘dictatorship’ may end Nigeria’s democracy, SDP’s Adebayo warns
UEFA unveils special debut patches for UCL debutants
Nigeria records 14 fresh Lassa Fever cases – NCDC
NDA publishes 78th regular combatant course admission list
NAF opens 2026 recruitment for tradesmen, non-tradesmen
I think about Tinubu’s re-election everyday, if he loses, Atiku, Obi will deal with me – Wike
2027: I will review NELFUND, offer debt forgiveness to Nigerian students – Atiku vows
‘Why can’t Nigerians buy petrol for N441-N872 per litre like, UAE, Angola Sudi Arabia, others’ – Atiku questions Tinubu
Yuguda warns Nigerians against Atiku’s promise to restore fuel subsidy, says its a political bait
2027: APC chieftain resigns, rejects support for Tinubu, Bauchi Governorship candidate
On LG Autonomy: I will send funds directly to LGs from Day 1 in office – Atiku vows
Don’t discuss Atiku’s NYSC certificate case against Tinubu in public – Judge warns lawyers
Xenophobia: Nigeria will no longer tolerate dehumanisation of its citizens in South Africa — Shettima
Tinubu’s effort to secure Trump’s support for re-election has failed – Atiku’s lobbying firm claim
North, biggest beneficiary of my reforms — Tinubu, Arewa Forum, others disagree
Nollywood hit by another loss as Atinuke Kareem dies after prolonged cancer battle
2027: Major Jack picked as Chinda’s running mate in Rivers
Strong GDP, Reserves don’t put food on Nigerians’ tables – APC Chairman
