UPDATED: NNPCL Raises Fuel Price to N1,030/Ltr, Motorists in Shock

The Nigerian National Petroleum Company Limited (NNPC Ltd) has raised petrol prices to N1,030 per litre at its Abuja outlets, causing widespread frustration among motorists. The development has left motorists and commuters in shock.

Africa Health Report AHR checks revealed that the increase follows the NNPC’s decision to end its exclusive purchasing agreement with Dangote Refinery, allowing other marketers to negotiate directly with the refinery.

AHR reporter observed Wednesday that NNPC Ltd outlets in the Central area of Abuja, the Federal Capital Territory, adjusted the pump price of petroleum from previously around N897 to N1,030.

At one of the NNPCL mega station in wuese, FCT, Abuja, Mr Gabriel, a customer who spoke to AHR, said, “It’s surprising; I just saw the price jump from N897 to N1,030 while waiting in line,” said Gabriel, a civil servant who expressed concern about the affordability of fuel. “I have to stretch my budget, and this price hike means my income isn’t keeping pace with costs.”

Another Abuja resident, Becky, expressed her concerns, saying, “I left home this morning from Lugbe to the Central area with N700, but going back won’t be the same. Omo! Japa feels inevitable. It’s better to escape than to feel trapped working hard just to spend everything, and now I’m forced to borrow just to get by.”

AHR also observed that the price change was noticed across various locations, including the Central area and neighbourhoods like Kubwa and Lugbe.

Commuters and drivers have voiced their discontent amid the new pricing, which reflects a shift toward a fully deregulated market. This allows refineries to sell directly to marketers on a willing buyer, willing seller basis.

In Dutse, Jigawa State, motorists were met with closed NNPC outlets, leading to confusion. “I heard they sold fuel earlier, but now the entrance is shut with no explanation,” noted Wuhab, a frustrated driver said.

As prices surge, the implications for daily commuters and the general public are significant, with many worried about the ongoing affordability of fuel amid stagnant incomes.

 The NNPC’s latest move raises questions about future fuel pricing and availability, leaving motorists anxious and uncertain.

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