Picnews
The Nigerian National Petroleum Company Limited has increased the pump price of petrol to N992 per litre in Lagos and N955 per litre in Abuja. This represents a significant increase of N127 in Lagos, up from the previous rate of N865 per litre, and a N65 increase in Abuja from the previous price of N890 per litre. The new prices took effect on Monday, October 13, 2025, and have been implemented across several NNPC retail outlets in both cities.
However, some stations were observed to be closed or not selling petrol, while others still displayed the previous prices but were not dispensing fuel to motorists. This has caused uncertainty and frustration among commuters and transport operators who rely heavily on petrol for their daily activities.
The price hike comes barely two months after NNPC lowered petrol prices to N865 per litre in Lagos and N890 per litre in Abuja on August 15, 2025. No official explanation has been provided for the sudden adjustment, leaving many to speculate about the reasons behind the increase.
The impact of this price hike is likely to be felt across various sectors of the economy, including transportation, logistics, and consumer goods. As the NNPC continues to play a crucial role in Nigeria’s economy, its pricing decisions will have far-reaching consequences for the nation’s economic stability and growth.
