Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦865 to ₦992 per litre, sparking fresh concerns over fuel affordability and availability across the country.
As of Monday, October 13, no official statement had been issued by NNPCL to explain the sudden price hike.
However, attendants at several NNPC retail outlets confirmed receiving directives to adjust their pump meters to reflect the new rate.
At the NNPC station located on Ogunusi Road, Ojodu Berger, Lagos, staff told The Nation that they had been instructed to switch the price to ₦992 per litre.
Similar reports emerged from other outlets, including those in Ibafo along the Lagos–Ibadan expressway, where stations still displayed the previous rate of ₦875 per litre but were not dispensing fuel to motorists.
Checks across the region revealed that many NNPC stations were either closed or not selling petrol as of press time.
The development has intensified concerns over fuel scarcity, with long queues reported in Abuja and other parts of the country.
The scarcity is believed to be linked to a reported dispute involving Dangote Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), although details remain unclear.
The latest adjustment represents a ₦127 increase in Lagos and a ₦65 increase in Abuja, where the new pump price stands at ₦955 per litre.
Nigerians have expressed frustration over the rising cost of fuel, which continues to impact transportation, food prices, and general living expenses.
