Nigerians are to face worsened economic hardship as Nigerian National Petroleum Company Limited (NNPCL) increased the pump price of premium motor spirit (petrol) following a fresh hike in gantry price by Dangote Refinery.
A market check in Abuja on Thursday showed that NNPCL filling stations across the city adjusted their pump price to N1,364 per litre, up from N1,295, indicating an increase of N69 per litre.
The new pricing has already taken effect in several locations, including Gwarimpa, Kubwa Expressway, Wuse Zone 6, and Zone 4.
A fuel attendant at one of the outlets, who spoke on condition of anonymity, confirmed the adjustment, saying the new rate was implemented on Thursday morning.
“We changed the pump price to N1,364 per liter from N1,295 today,” the attendant said.
The development comes shortly after other retail outlets such as MRS and BOVAS adjusted their prices to between N1,365 and N1,370 per liter.
The latest increase follows a move by Dangote Refinery to raise its gantry price by N75, from N1,200 to N1,275 per liter, citing rising crude oil prices, which recently climbed above $115 per barrel.
