- NNPCL raises Abuja petrol price to ₦960 per litre
- Dangote Refinery gantry hike triggers nationwide retail adjustment
- Commuters fear transport fare increases and inflation pressure
The Nigerian National Petroleum Company Limited and several other filling stations have increased the pump price of Premium Motor Spirit to as high as ₦960 per litre in Abuja.
A check across parts of the Federal Capital Territory on Tuesday showed that NNPCL retail outlets raised their prices from ₦875 per litre on Monday to ₦960 per litre, marking an ₦85 increase.
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EKO HOT BLOG reports that the new price has already been implemented at NNPCL stations along the Kubwa Expressway, Gwarimpa, Wuse Zone 6, Zone 4 and other areas of the city.
Motorists expressed frustration over the development, warning that the hike would trigger higher transport fares and increase the cost of goods and services.
Other marketers have followed suit. Empire and Ranoil Sharon filling stations were seen selling petrol between ₦960 and ₦980 per litre as of Tuesday.
At the time of filing this report, an MRS filling station along the Kubwa Expressway had not commenced fuel dispensing. However, a manager at one of its Abuja outlets, who spoke on condition of anonymity, confirmed that a price adjustment was imminent.
According to the manager, the increase followed a hike in gantry price by the Dangote Refinery on Monday.
The refinery had raised its gantry petrol price to ₦874 per litre, a move industry operators earlier warned would reflect at retail outlets nationwide.
The Independent Petroleum Marketers Association of Nigeria and the Petroleum Products Retail Outlets Owners Association of Nigeria had both confirmed that pump prices would rise from Tuesday.
The latest hike has been linked to rising global crude oil prices amid renewed hostilities in the Middle East, which have unsettled international energy markets.
With petrol now selling around ₦960 per litre in parts of Abuja, commuters and transport operators fear another round of fare increases, raising concerns about fresh inflationary pressure on households.
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