Nigeria Fuel Price Hike
Analysis based on 6 articles · First reported Apr 30, 2026 · Last updated Apr 30, 2026
The fuel price hikes by NNPC Limited and Dangote Petroleum Refinery are expected to increase operational costs for businesses and transportation, potentially leading to higher inflation in Nigeria. Consumers will face increased expenses, impacting their purchasing power and overall economic sentiment.
The NNPC Limited (NNPC Limited) has increased the pump price of Premium Motor Spirit (petrol) by N69 per liter, raising it to N1,364 from N1,295 in Nigeria — Abuja. This adjustment follows an earlier decision by Dangote Petroleum Refinery to increase its fuel gantry price by N75, from N1,200 to N1,275 per liter, citing a surge in global crude oil prices above $115 per barrel. Other independent marketers and major outlets like MRS Oil Nigeria and BOVAS Group in Nigeria — Abuja have also adjusted their prices to between N1,365 and N1,370 per liter. The successive price adjustments are impacting retail fuel costs nationwide, with motorists in Nigeria now paying more at the pump.
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