NNPC Raises Petrol Prices Ahead of Discount Program End
The Nigerian National Petroleum Company Limited (NNPC) has announced an increase in petrol prices at its stations in Lagos and Abuja, coinciding with the impending expiration of a government-backed fuel discount program on October 31, 2026. In Lagos, the new pump price is N1,369 per litre, up from N1,355, marking a N14 increase.
In Abuja, motorists will now pay N1,405 per litre, an increase of N10 from the previous rate of N1,395. Customers can still purchase fuel at a discounted rate of approximately N1,303 per litre in Lagos and N1,339 per litre in Abuja by using the NNPC app, which requires registration before payment.
The discount program was initiated as a temporary measure to alleviate the impact of high fuel costs, prioritizing public transport operators. With the discount window closing soon, motorists have limited time to benefit from the lower rates.
Future price movements will depend on NNPC's commercial decisions and market conditions.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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