Nigeria’s fuel market is experiencing fresh price adjustments as the Nigerian National Petroleum Company Limited has raised pump prices for petrol and diesel at several of its retail outlets in the Northwest.
Market checks show that the latest increase reflects mounting pressure within the downstream petroleum sector, driven largely by rising global crude oil prices and higher supply costs.
According to observations from the fuel monitoring platform, Petroleumprice.ng, NNPC stations in the Northwest region have revised the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to about ₦1,013 per litre.
Automotive Gas Oil (AGO), also known as diesel, is now selling for as high as ₦1,295 per litre in the same region.
The new prices took immediate effect at affected stations, signalling the latest shift in Nigeria’s deregulated fuel market.
Updated dealer pricing structure
Fuel dealers have also confirmed receiving updated price notifications from NNPC Retail.
According to the notice, the AGO pump price has been reviewed to ₦1,295 per litre, while the PMS pump price is now pegged at around ₦1,035 per litre.
For independent dealers operating under the Dealer Own Dealer Operated (DODO) arrangement, the official ordering price for petrol has been set at ₦1,014 per litre.
This pricing structure determines how dealers purchase products from the national oil company before selling them at their respective retail stations.
