JUST IN: NNPCL Increases Fuel Price

The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦905 per litre.

Checks revealed that NNPCL retail outlets in Abuja’s Wuse Zone 6 and Zone 4 increased their pump price from ₦890 to ₦905 — a ₦15 or 1.7% rise.

Abubakar Maigandi, President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), linked the price hike to recent supply disruptions caused by the dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery.

“It is due to PENGASSAN’s strike disruption. However, members still sell between ₦885 and ₦895 per litre,” Maigandi said.

The PENGASSAN strike followed tensions with the Dangote Refinery over the alleged mass dismissal of Nigerian workers. The industrial action lasted two days before being suspended after the federal government’s intervention.

The latest adjustment by NNPCL adds pressure to consumers already grappling with rising living costs, while marketers warn that further disruptions could push prices even higher.