Petrol Price Rockets: NNPC Slams N945/Litre in Abuja, N915/Litre in Lagos

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol to N945 per litre in Abuja and N915 per litre in Lagos. This represents a N35 increase in Abuja and a N45 hike in Lagos from the previous prices of N910 and N870 per litre, respectively.

The price adjustment, which took effect on Monday, June 23, 2025, comes after the Dangote Petroleum Refinery raised its ex-depot price of petrol from N825 to N880 per litre, sparking an industry-wide response. Several NNPC-owned filling stations across Lagos and Abuja have implemented the new pricing, intensifying the financial strain on consumers grappling with high transportation and living costs.

New Prices at Various Filling Stations:

– NNPC Retail Outlets:

 Abuja: N945 per litre

 Lagos: N915 per litre

– MRS Filling Stations: N925 per litre in Lagos, up from N875

– Total Energies: N910 per litre, up from N879

– Oluwafemi Arowolo Petroleum: N920 per litre

The price hike is attributed to rising upstream costs and International Crude prices, which may soon cross the $80 per barrel threshold due to escalating conflicts between the US and Iran. Independent marketers warn that petrol prices could climb above N1,000 per litre in the coming weeks, driven by surging International Oil prices and a weakening Naira.

Olatide Jeremiah, CEO of (link unavailable), stated that private depots are likely to increase petrol prices to N1,000 in the coming days, citing the current market trend. He hopes that Dangote maintains its current price to prevent depot owners from jacking up prices

The recurring upward adjustments are likely to fuel inflationary pressures, with commuters, businesses, and households bearing the brunt of a deregulated but unstable petroleum market.