Motorists and consumers across Nigeria’s Federal Capital Territory (FCT) and surrounding regions are facing fresh price adjustments at the pump as the Nigerian National Petroleum Company Limited (NNPCL) increases its retail petrol prices.

 

Surging global crude oil prices and rising product replacement costs continue to exert upward pressure on the domestic downstream sector, prompting price updates across major retail stations.

 

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### New Retail Prices Implemented Across Abuja

 

NNPCL retail stations across key locations in the nation’s capital—including Airport Junction, Gwarinpa, Kubwa Expressway, and Wuse Zone 4—have adjusted their pump prices upward by **₦50 to ₦80 per litre**.

 

The price shift reflects recent cost revisions upstream, directly impacting retail operations and consumer transport budgets.

 

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### Dangote Refinery Raises Ex-Gantry Price

 

The retail adjustment comes shortly after the Dangote Petroleum Refinery revised its gantry price for Premium Motor Spirit (PMS).

 

* **Old Gantry Price:** ₦1,265 per litre

* **New Gantry Price:** ₦1,350 per litre

* **Net Increase:** ₦85 per litre (~6.7% increase)

 

The move reverses the refinery's earlier strategy of maintaining stable ex-refinery pricing in Lagos, driven by the realities of escalating crude benchmarks.

 

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### Global Crude Pressures and Soaring Landing Costs

 

Data from market tracker *Petroleumprice.ng* indicates that the price hikes are tied to broader international market realities:

 

1. **Higher International Crude Prices:** Global crude cost increases have directly inflated the replacement cost of refined petroleum products.

2. **Rising Landing Cost:** The landing cost of imported PMS has climbed to **₦1,311 per litre**.

3. **Gantry vs. Landing Cost:** Dangote’s updated ex-gantry price of ₦1,350 per litre now sits slightly above the landing cost benchmark, reflecting the cost structure of refining and distribution in the current economic environment.

 

As downstream operators align with updated wholesale costs, consumers should expect lingering price realignments across independent and major filling stations nationwide.