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Petrol prices in Abuja have climbed to as high as ₦970 per litre.
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Dangote Refinery and depot operators raised ex-depot rates due to forex and crude costs.
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NNPC and a few stations still sell at ₦885–₦890 per litre.
Pump prices of premium motor spirit (PMS), popularly known as petrol, have surged across Nigeria following an upward review of ex-depot prices by Dangote Refinery and other depot owners.
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EKO HOT BLOG reports that checks in Abuja on Saturday showed that Empire Energy and Ranoil filling stations adjusted their prices to ₦935 and ₦970 per litre, up from ₦905 and ₦900 the previous night.
Meanwhile, Nigerian National Petroleum Company (NNPC) stations, as well as MRS, Optima, and AP Ardova, were still selling petrol at between ₦885 and ₦890 per litre as of press time.
Speaking to Daily Post, Chinedu Ukadike, spokesman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), explained that the hike stemmed from rising ex-depot costs. “The supplying depots and Dangote Refinery have increased their ex-depot petrol prices,” he said.
Ukadike disclosed that Dangote Refinery’s ex-depot rate rose to ₦858 per litre from ₦820, while depot operators such as NIPCO, Aiteo, and Ranoil adjusted their rates to ₦870, ₦855, and ₦855 respectively.
He attributed the increases to fluctuations in the exchange rate and higher crude oil prices in the global market. “These two factors continue to drive production and distribution costs upward, impacting pump prices nationwide,” he added.
The latest hike has triggered concerns among motorists and businesses, as rising fuel costs threaten to push up transportation fares and commodity prices, further straining household budgets.
