The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol at its retail outlets nationwide, with motorists in Lagos now paying N1,299 per litre and those in parts of Abuja paying as much as N1,345 per litre. The adjustment follows a sharp rise in wholesale costs driven by three consecutive gantry price increases from the Dangote Petroleum Refinery within nine days.
Three Gantry Hikes in Nine Days Trigger Price Jump
Dangote Refinery raised its Premium Motor Spirit (PMS) gantry price from N1,165 to N1,185 per litre on August 20, then again to N1,200 per litre on August 25. A third increase on August 29 pushed the gantry price further to N1,265 per litre, bringing the total rise to N100 per litre across that stretch.
Checks by Petroleumprice.ng on Monday showed NNPCL dispensing petrol at N1,299 per litre in Ikeja, Lagos. At the depot level, Sahara and Ascon depots were selling at N1,269 per litre, while Integrated and African Terminal depots were offering the product at N1,270 per litre. Those figures compare with N1,200 to N1,201 per litre recorded at the same depots as of Friday, August 28, meaning depot prices climbed by roughly N69 to N70 per litre within a single trading session.
Why Prices Vary Across States
Price differences across locations reflect Nigeria's deregulated downstream petroleum market, where retail costs can vary based on supply logistics and proximity to depots. Brent crude oil prices are also adding to the strain, trading at around $90.50 per barrel amid concerns over global supply following fresh US-Iran military strikes and shipping risks through the Strait of Hormuz. Elevated crude prices raise the replacement cost of petroleum products and could push domestic prices higher still.
Below are the latest petrol prices at NNPCL stations across Nigeria's states:
- Abia – N1,295
- Abuja – N1,335
- Adamawa – N1,280
- Akwa Ibom – N1,310
- Anambra – N1,306
- Bauchi – N1,365
- Bayelsa – N1,308
- Benue – N1,305
- Borno – N1,308
- Delta – N1,305
- Ebonyi – N1,355
- Edo – N1,310
- Ekiti – N1,350
- Enugu – N1,235
- Gombe – N1,345
- Imo – N1,300
- Jigawa – N1,340
- Kaduna – N1,365
- Kano – N1,360
- Katsina – N1,377
- Kogi – N1,360
- Kwara – N1,300
- Lagos – N1,299
- Nasarawa – N1,340
- Niger – N1,364
- Ogun – N1,305
- Ondo – N1,320
- Osun – N1,300
- Oyo – N1,295
- Plateau – N1,301
- Rivers – N1,300
- Sokoto – N1,378
- Taraba – N1,300
- Yobe – N1,395
- Zamfara – N1,370
Marketers Fight Back as Dangote Files Lawsuit
Earlier, Legit.ng reported that marketers said they are ready to oppose a suit filed by the Dangote Petroleum Refinery to stop the issuance of new petrol import licences in the country. The legal battle followed recent approvals granted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to six companies to import about 720,000 metric tonnes of Premium Motor Spirit (petrol) to support domestic supply.
Marketers approved to import PMS are: NIPCO, AA Rano, Matrix Energy, Shafa, Pinnacle Oil, and Bono Energy. The outcome of the lawsuit and further gantry adjustments will likely determine whether pump prices continue to climb in the coming weeks.
