See NNPC's new petrol price list for Lagos and other states

• The Nigerian National Petroleum Company Limited (NNPC) has adjusted its petrol prices to N925 successful Lagos and N950 successful the North
• The terms accommodation is N60 supra its N860 per litre successful Lagos and N70 much than the N880 it sold the merchandise successful the North
• Findings amusement that NNPC retail outlets person rapidly adjusted their pump prices to bespeak the caller terms adjustment

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the system for implicit a decade.

After a agelong delay, the Nigerian National Petroleum Company Limited (NNPC) has accrued the pump terms of petrol to N925 per litre astatine its retail stations successful Lagos and N950 successful Abuja.

The caller prices became effectual April 2, 2025, and correspond an summation of N65 from N860 per litre successful Lagos, N70 supra the N880 successful the North.

NNPC announces caller petrol prices aft the assignment of a caller GCEO. Credit: NNPC
Source: Getty Images

Analysts explicate the crushed for caller prices

Legit.ng earlier reported that MRS and different autarkic petrol dealers had already hiked their petrol prices to N930 per litre successful Lagos and N960 successful the North.

Energy argumentation analysts person disclosed that the summation is connected to the Dangote Refinery’s halt successful selling petrol successful naira to marketers.

However, others accidental that the caller terms is owed to the rising outgo of crude lipid successful the planetary market.

A erstwhile study by Legit.ng disclosed that the price of crude roseate to $73.73 past week amid President Donald Trump's telephone for the Organisation of Petroleum Exporting Countries (OPEC) to rise prices and chopped production.

Adeola Yusuf, Team Lead astatine Platforms Africa, said the summation successful petroleum merchandise prices was not conscionable owed to Dangote Refinery’s alteration successful dynamics but a planetary phenomenon.

“Crude prices are rising owed to respective factors specified arsenic the tensions successful the Middle East, the US telephone for much sanctions connected Iran, sanctions against Russia and different variables.Petroleum merchandise prices are highly susceptible to crude terms fluctuations successful the planetary market. However, Nigerians would person been spared a small if the naira-for-crude woody betwixt the NNPC and home refineries had continued,” helium said.

The caller prices travel caller appointments astatine NNPC

Meanwhile, the NNPC's terms alteration reflects ongoing shifts successful Nigeria's downstream petroleum assemblage and follows changes successful marketplace competition, proviso costs, and planetary lipid prices.

The improvement came arsenic President Bola Tinubu appointed Bayo Ojulari arsenic the caller Group Chief Executive Officer of the NNPC.

Findings amusement that NNPC retail stations person rapidly adjusted their petrol prices to N925 successful Lagos pursuing the announcement.

NNPC stations set prices

A BusinessDay study disclosed that successful Abuja, NNPC retail outlets successful Kubwa accrued their terms to N950 from N880 per litre, the aforesaid arsenic filling stations successful Wuse.

The terms summation follows months of aggravated contention betwixt the authorities lipid steadfast and the mega Dangote Refinery.

In March 225, NNPC reduced its terms to N860 pursuing a akin terms clang by Dangote Refinery.

President Bola Tinubu appoints Bayo Ojulari arsenic the caller GCEO Credit: NNPC
Source: Facebook

Early this year, the NNPC sold its petrol astatine N925 per litre. The caller terms accommodation is inactive little than successful immoderate cities specified arsenic Abuja, wherever petrol is sold astatine N880 per litre.

Depots hike substance costs read

Legit.ng earlier reported that Petroleum merchandise prices person increased pursuing the halt successful the naira-for-crude woody betwixt the Nigerian National Petroleum Company Limited (NNPC) and home refineries, including the Dangote Refinery.

The six-month woody ensured a dependable proviso of petroleum products from the Dangote and different home refineries, importantly reducing petroleum merchandise prices.

Analysts accidental the deal’s illness volition erode the gains achieved successful the downstream petroleum manufacture since President Bola Tinubu removed the subsidy connected May 29, 2025.

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Source: Legit.ng