Korede Abdullah 
LAGOS, Nigeria – The Nigerian National Petroleum Company Limited (NNPCL) has raised its petrol pump price to ₦1,405 per litre from ₦1,370, increasing the cost of fuel for motorists and businesses amid questions over a reported petrol discount.
Checks by Africa Health Report on Friday showed that the state-owned oil company’s pump price had increased by ₦35 per litre, representing a rise of approximately 2.6 per cent.
The new price, reportedly announced on Thursday, was being implemented at several filling stations on Friday. The adjustment comes amid uncertainty over the implementation of an announced fuel discount. Details of the discount, including its terms, duration and the filling stations expected to offer it, were not immediately available.
NNPCL had not publicly explained the reason for the latest price increase or clarified how it related to the reported discount as of the time of filing this report.
The latest adjustment could add to the cost of transportation and other essential services, particularly for households and businesses that depend on petrol-powered vehicles and generators. Transport operators may face higher running costs, potentially putting pressure on fares and the prices of goods and services. The extent of any resulting increases would depend on how the price adjustment affects transport and business operating expenses.
Nigeria’s petrol market has been sensitive to changes in supply costs, foreign exchange movements, transportation expenses and other market factors since the Federal Government removed the petrol subsidy in May 2023.
The policy shift moved petrol pricing towards market-based arrangements, exposing consumers to fluctuations in pump prices.
However, without an explanation from NNPCL, it remains unclear what prompted the latest ₦35 increase or how consumers should interpret the reported discount.
NNPCL’s clarification would help establish the scope of the price adjustment, whether the discount remains available and which consumers or filling stations qualify for it.
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Mirian Gom 
Oluwatobi Adu 