The Nigerian National Petroleum Company Limited has increased the pump price of Premium Motor Spirit, also known as petrol, from N965 to N990 per litre in the Federal Capital Territory, and from N925 to N960 per litre in Lagos across its outlets.
The increase, which was effected nationwide on Tuesday, amounts to N20 or 2.1 percent more than the N970 retail price announced by the Dangote Refinery in its partnership with MRS filling station, Ardova, and Heyden.
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This price revision comes amid significant changes in Nigeria’s fuel supply chain, including the commencement of loading operations at the Dangote Refinery.
Recall that last Friday, petrol prices soared to between ₦1,050 and ₦1,150 per litre, following a cost adjustment by the Dangote Refinery and key depot operators.
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