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NNPC Raises Petrol Prices To N835 In Lagos, N839 In Abuja As Market Forces Drive Fuel Adjustments
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News Mirror
Spread the love11 / 100 Powered by Rank Math SEO SEO ScoreThe Nigerian National Petroleum Company (NNPC) Limited has increased petrol prices to N835 per litre in Lagos and N839 per litre in Abuja, marking a significant adjustment across its retail outlets.
This upward revision follows a recent adjustment by Dangote Refinery, which raised the ex-gantry price of petrol to N799 per litre.
David Bird, Chief Executive Officer of Dangote Petroleum Refinery, assured that the facility continues to supply the domestic market with about 50 million litres of petrol daily.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) also emphasized the role of market forces in moderating prices.
As fuel prices continue to rise in major cities, both regulators and refiners point to increased competition and market driven mechanisms as the key factors shaping Nigeria’s downstream petroleum.