NNPCL Hikes Petrol Price To N1,345 In FCT

The Nigerian National Petroleum Company Limited has increased the pump price of Premium Motor Spirit, popularly known as petrol, to ₦1,345 per litre at its retail outlets in parts of the Federal Capital Territory.

The latest adjustment represents a ₦75 increase from the previous price of ₦1,270 per litre and took effect on Monday, August 31, 2026.

Checks at several NNPCL filling stations in Abuja, including outlets in Gwarimpa and Wuse Zones 4 and 6, showed that the new price had been implemented.

The latest hike comes less than a week after NNPCL increased its petrol price from ₦1,250 to ₦1,270 per litre, marking another significant adjustment within a short period.

The development has added to growing concerns over the rising cost of petrol and its impact on transportation, food distribution, household expenses and business operations.

Other major fuel marketers have also adjusted their pump prices upward in recent days. MRS, Ranoil and Empire Energy were among companies reported to have increased their prices, with adjustments ranging from about ₦20 to ₦80 per litre.

The latest NNPCL increase follows a fresh adjustment in the price of petrol supplied by the Dangote Petroleum Refinery. The refinery recently raised its petrol gantry price to ₦1,265 per litre, following successive increases earlier in August.

The repeated price adjustments have increased pressure across the downstream petroleum market, with marketers reviewing their prices as they replenish stocks purchased at higher rates.

The development has also renewed attention on the relationship between refinery prices, crude oil costs, foreign exchange conditions, transportation expenses and retail petrol prices.

Although the Dangote refinery has expanded its direct petrol distribution programme to several locations, including Abuja, pump prices have continued to vary among different marketers.

Motorists in the Federal Capital Territory are now faced with higher fuel costs at a time when transportation expenses remain a major contributor to the prices of goods and services.

The latest increase could also affect commercial transport operators, logistics companies and businesses that depend heavily on petrol-powered vehicles and generators.

Consumers are expected to monitor prices across different filling stations as competition continues in the downstream market.

The NNPCL adjustment further highlights the volatility of Nigeria’s petrol market following the removal of fuel subsidies and the transition towards market-driven pricing.

With the new ₦1,345 per litre rate, motorists and businesses in Abuja face another increase in operating costs, while attention will remain on whether other marketers follow NNPCL’s latest adjustment.