The Nigerian National Petroleum Company Limited (NNPCL) has officially increased the pump price of Premium Motor Spirit (PMS), also known as petrol, across its retail outlets.
As of Monday, August 4, 2025, outlets in Abuja—including those along the Kubwa Expressway and in Wuse—have adjusted their prices from N890 to N955 per litre, marking a N65 increase.
The hike is not limited to Abuja; similar price adjustments have been reported in Kogi and Nasarawa states.
This development follows a weekend surge in petrol prices by independent marketers in the capital, who raised pump prices to between N950 and N971 per litre. These increases came after Dangote Refinery raised its ex-depot petrol price to N858 per litre, up from N820.
The situation is likely to have further ripple effects on transportation costs and general inflation, intensifying economic pressure on households and businesses across the country.
