NNPC Raises Petrol Price to N915 in Lagos, N945 in Abuja

The Nigerian National Petroleum Company (NNPC) Limited has increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N915 per litre in Lagos and N945 per litre in Abuja, sparking fresh concerns among motorists and businesses already grappling with inflation and high living costs.

This represents a ₦45 increase from the previous price of ₦870 per litre in Lagos and a ₦35 hike from the earlier ₦910 in Abuja.

A market survey conducted by The Cable on Monday revealed that NNPC filling stations across parts of Lagos — including Fin Niger outlet along the Badagry Expressway and the station at Igando — were dispensing petrol at the new rate of N915 per litre.

“Our manager was instructed on Sunday morning to adjust the pump price to N915. Our previous price was N870,” a station attendant told The Cable.

In Abuja, residents confirmed buying petrol at N945 per litre at several outlets, including in the Federal Housing area of Kubwa, where the price had earlier stood at N910.

MRS, TotalEnergies, and Independent Marketers Follow Suit

MRS Oil Nigeria Plc, a major distributor of Dangote Refinery’s petroleum products, also announced new prices over the weekend via its official X (formerly Twitter) handle. According to the revised price template, petrol will now sell for between N925 and N955 per litre nationwide.

This means:

• Lagos: N925/litre (from N875)

• Abuja: N945/litre (from N895)

• South-west: N925/litre

• North-central: N935/litre

• North-west & South-east: N955/litre

Meanwhile, TotalEnergies filling stations adjusted their pump price to N910/litre, up from N879, while Oluwafemi Arowolo Petroleum at Iba in Lagos hiked its price to N920/litre.

Global Oil Market Shock: Middle East Conflict Driving Spike

Industry analysts point to escalating geopolitical tensions in the Middle East — particularly the intensifying conflict between Israel and Iran — as a key driver behind the recent fuel price hikes.

Since June 13, both countries have engaged in a series of military strikes, raising fears of a broader regional war that could severely impact global oil supply chains. Over the past week alone, crude oil prices surged by nearly 3%, with Brent and WTI crude hitting their highest levels since January.

The crisis escalated further in the early hours of Sunday, June 22, after U.S. President Donald Trump confirmed American forces had conducted airstrikes on three Iranian nuclear sites — Fordow, Natanz, and Isfahan — in retaliation for Iran’s drone and missile attacks on Israeli infrastructure.

Mounting Pressure on Nigerians

The recent hike in fuel prices is expected to further compound the hardship faced by Nigerians, affecting transportation costs, food prices, and overall cost of living. With no official statement yet from NNPC Limited regarding the justification for the price increase, many citizens are demanding urgent government intervention and transparency.