The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of petrol to N839 per litre in Abuja.
Nairametrics observed on Wednesday that the NNPC Ltd effected the price adjustment across its retail outlets in the Federal Capital Territory.
Also, NNPC increased the price of the product by N50 from N785 per litre to N835 in Lagos.
The increase comes amid recent pricing changes by the Dangote Petroleum Refinery, signalling a fresh shift in Nigeria’s downstream petroleum market.
The latest adjustment reflects a N20 increase from the previous price of N815 per litre in Abuja.
It also aligns with revised pump prices at retail outlets linked to Dangote Refinery’s distribution network, following an increase in the refinery’s ex-gantry price earlier in the week.
The latest pricing data shows a clear upward adjustment in petrol prices within Abuja following changes at the refinery level.
The adjustment by NNPC appears to track upstream cost movements that have filtered through the supply chain.
NNPC increased the petrol price in Abuja from N815 per litre to N839 per litre, representing a N20 increase.
Dangote Petroleum Refinery raised the ex-gantry price of petrol to N799 per litre from N699 per litre.
MRS retail outlets are now selling petrol at N839 per litre, up from the previous N739 per litre.
The alignment of retail prices across NNPC and Dangote-linked outlets suggests that refinery-level pricing continues to exert significant influence on pump prices in the downstream market.
