The Nigerian National Petroleum Company (NNPC) Limited has increased the price of premium motor spirit, also known as petrol, to N950 per litre in Abuja and N925/litre in Lagos
The new price regime, effective from April 2, 2025, represents an increase of N65 from the previous price of N860 per litre in Lagos and an N70 difference from the N880 previously sold in the North.
Last week, MRS and other independent marketers increased the price of petrol, raising its pump price to N930 per litre in Lagos and N960 for residents living in the northern part of the country.
Experts in the oil industry say this new price increase is happening because the Dangote refinery recently stopped selling petroleum products in naira.
This price change reflects ongoing shifts in Nigeria’s free-market fuel system and follows changes in market competition, supply costs, and global oil prices.
NNPC stations along the Lagos-Ibadan Expressway and Ikorodu Road now sell at N925 per litre, after first showing N930 per litre to customers.
Also, the NNPCL stations at Fadeyi, Ago Palace Way, and Ogba, as well as the NNPC station on College Road, have changed their prices to N925. In Ikeja, stations on Acme Road and the Lagos-Abeokuta Expressway have also raised their prices to the new rate.
However, not all NNPC stations in Lagos may have updated their prices at the same time because of delivery delays.
In the Federal Capital Territory, the national oil company’s station on the Kubwa expressway increased its price to N950 from N880 per litre. Other stations in Wuse made the same price change.
This adjustment comes after months of price competition. In March 2025, NNPC lowered its price to N860 per litre to match Dangote Refinery’s lower rates. However, because of rising global oil prices, changes in exchange rates, and higher costs for crude oil, NNPC has now raised prices.
Earlier in 2025, NNPC had sold petrol at N925 per litre in December 2024 before several price changes. The current price in Lagos is still lower than in some cities, like Abuja, where prices recently were N880 per litre.
