The Nigerian National Petroleum Company Limited (NNPCL) on Monday increased the pump price of petrol to N915 per litre in Lagos State.
According to findings by WESTERN POST, the price of petrol in Abuja is currently N945 per litre.
The new price of petrol represents a N45 increase from the previous price of N870 per litre in Lagos and a N35 hike from the prior price of N910 in Abuja.
MRS Filling Stations, a Dangote refinery partner, increased the price of the product to N925 per litre in Lagos, up from N875 per litre.
The development comes two days after the refinery increased the ex-depot price of petrol to ₦880 per litre. TotalEnergies filling stations increased the price of petrol to ₦910 per litre – from the previous price of ₦879 per litre.
On June 15, Dangote Refinery offered nationwide logistics for petrol and diesel distribution.
The refinery said it also acquired 4,000 new compressed natural gas (CNG)-powered tankers to enhance its fuel distribution capacity across the country.
Following the development, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) said the Dangote refinery’s forward integration adoption could lead to a monopoly in disguise and might cause significant job losses in the downstream sector.
On June 19, the Major Energies Marketers Association of Nigeria (MEMAN) also called for clarity on Dangote refinery’s proposal for nationwide logistics for petrol and diesel distribution.
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