The Nigerian National Petroleum Corporation Limited (NNPCL) has again raised petrol prices at its filling stations in Lagos and Abuja, intensifying the economic strain on Nigerians, especially motorists and commuters.
As confirmed by Nairametrics, this marks the third price increase in under two months, with Lagos prices rising from N998 to N1,025 per litre and Abuja prices from N1,030 to N1,050 per litre.
Stations across key Lagos locations, including Ikeja, Egbeda, Cement, and Dopemu, as well as in Abuja areas such as Wuse, Kuje, and Airport Road, are now dispensing petrol at the updated rates.
The latest price hike comes shortly after NNPC began sourcing petrol from the Dangote Petroleum Refinery, following prolonged negotiations over pricing.
Last month, NNPC stated it was procuring petrol from Dangote at N898 per litre; however, Dangote’s management disputed this, calling the figure misleading but declining to specify the exact price.
Between September 15 and 30, NNPC lifted roughly 103 million litres from Dangote’s facility, dispatching 2,207 trucks out of the planned 3,621 to transport the product.
This marked an effort to meet demand in light of ongoing fuel distribution issues, although only a portion of the expected 400 million litres has been delivered.
With this latest increase, Nigerians continue to face challenges accessing fuel, as queues persist in major cities like Lagos, Abuja, and Ogun.
Although the lines have somewhat shortened since the September price adjustment, they remain a visible issue across the country.
The gradual removal of fuel subsidies, which had previously alleviated costs for consumers, has contributed to the rising prices, leaving the government to tackle complex distribution challenges.
