The Nigerian National Petroleum Company Limited, NNPCL, has increased the pump price of Premium Motor Spirit, PMS, also known as petrol, by N115 per litre.
A market survey conducted by DAILY POST on Tuesday showed that NNPCL retail outlets in Abuja and its environs raised the price of petrol from N1,155 to N1,270 per litre.
The latest adjustment represents a N115 per litre increase and comes amid renewed volatility in Nigeria’s downstream petroleum sector.
The development follows a similar trend across the market, with some NNPCL and MRS filling stations in Abuja shutting their outlets on Monday, while several independent marketers raised petrol prices amid uncertainty over product supply and pricing.
In less than one week, depot owners and fuel marketers have increased petrol prices twice, reflecting sustained pressure in the market.
The latest price hike also comes after Dangote Refinery resumed the sale of refined petroleum products in US dollars last week, a move that has continued to influence fuel pricing across the country.
