Petrol Prices Rise to ₦1,410 in Abuja Despite Government’s Proposed ₦1,350 Discount

By Taibat Ummi Yakubu

Petrol prices have climbed again across parts of Abuja, with some filling stations raising their pump prices by as much as ₦39 per litre, even as the Federal Government considers a discounted rate of ₦1,350 at Nigerian National Petroleum Company Limited (NNPCL) outlets.

A market survey conducted on Sunday showed that MRS filling stations increased their petrol price from ₦1,370 to ₦1,409 per litre, representing a ₦39 rise. The new rate has taken effect at outlets in Kubwa, Katampe, Gwarimpa and other parts of the Federal Capital Territory.

Ranoil and AA Rano also adjusted their prices upward, raising the cost of petrol by ₦10 per litre, from ₦1,400 to ₦1,410 across their outlets.

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The latest increases come amid the Federal Government’s proposed petrol price discount initiative, which Finance Minister Taiwo Oyedele said would bring the price down to ₦1,350 per litre at NNPCL filling stations. The proposal has generated calls from fuel retailers and marketers for the government to extend the initiative to other filling stations to ensure that more consumers benefit.

The development follows a period of declining petrol prices in the preceding week, raising fresh concerns among motorists and other fuel consumers over the direction of pump prices.

Meanwhile, international crude oil prices remained elevated, with Brent crude trading at about $104 per barrel and West Texas Intermediate (WTI) selling at approximately $91 per barrel, according to the market report.

The latest adjustments mean motorists in Abuja are paying more for petrol at the affected outlets, while the impact and reach of the government’s proposed discount will depend on its implementation and whether the initiative is extended beyond NNPCL stations.