Fuel Prices May Go Higher as Petrol Reaches ₦839 in Major Cities

Nigeria’s fuel prices have climbed once more, with petrol now selling at ₦839 per litre in Abuja and ₦835 per litre in Lagos, according to the latest pump figures recorded at major filling stations, including outlets operated by the Nigerian National Petroleum Company Limited (NNPCL).

The new price adjustment comes amid sustained pressure in the downstream oil sector, driven by rising supply costs, fluctuating global crude oil prices, and the fully deregulated nature of Nigeria’s petrol market. Since the removal of fuel subsidy, pump prices have been determined by market forces—making consumers vulnerable to rapid price changes.

Market analysts note that the current upward trend reflects challenges facing domestic importers and refiners, many of whom have adjusted their ex-depot prices due to higher operational and logistics costs. These increases eventually push retail pump prices higher across the country.

Impact Across Major Cities

  • Abuja: ₦839 per litre
  • Lagos: ₦835 per litre

The slight price variation between cities is attributed to transportation margins, depot access, and distribution cost differences.

Ripple Effects on Nigerians

Transport operators have already begun reviewing fares upward in response to the new petrol prices, raising concerns about the potential rise in food prices and other essential commodities. Economists warn that households will feel additional financial strain if the upward trend continues.

Experts Warn Prices May Climb Further

Energy analysts caution that without a significant increase in domestic refining capacity—such as full-scale operations from new refineries—Nigeria may continue to experience fuel price fluctuations. Global crude prices and exchange rate movements remain critical factors that could push petrol prices even higher in the coming weeks.

For now, Nigerians are bracing for another round of inflationary pressure as fuel costs continue to rise across major cities.

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