The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), despite Dangote Refinery’s free petrol delivery initiative and a drop in crude oil prices.
A DAILY POST market survey on Tuesday, which was an Eid-ul-Mawlid public holiday, found that NNPCL outlets in Abuja and nearby areas had raised their petrol price from N1,250 to N1,270 per litre.
The latest move represents a N20 increase per litre at the state-owned filling stations.
The price hike comes as Dangote Refinery expanded its free petrol delivery programme to 10 destinations across Nigeria, including Abuja, where the product is priced at N1,185 per litre.
MRS filling stations had earlier increased their petrol price by N20 to N1,230 per litre.
Following the latest changes, NNPCL petrol is now N15 to N40 per litre more expensive than fuel sold by MRS, Geregu, Ranoil, Emedab, Mobil and other filling stations in Abuja and its environs.
However, some stations, including Empire and AA Rano, are selling petrol for between N1,275 and N1,299 per litre, which is higher than the NNPCL price.
As a result, petrol currently sells for between N1,230 and N1,299 per litre in Abuja and surrounding areas.
DAILY POST had reported that Brent and West Texas Intermediate (WTI) crude prices had fallen significantly to $88.80 and $81.86 per barrel, respectively, at the time of reporting.
