There was a fresh tension in Abuja and three other states in Nigeria after another protest erupted over the Middle East unrest since the US and Israel attacked Iran.
The NNPC has reduced petrol prices by about N97 per litre at its filling stations after Dangote Refinery cut gantry prices, offering relief to struggling Nigerians.
PETROAN has called on the NNPC to repair the state-owned moribund refineries to help shield Nigeria from the impact of global petroleum market disruptions.
Dangote Petroleum Refinery has approved limited petrol loading for 20 marketers and raised ex-depot petrol to N1,175 and diesel to N1,620 per litre.
The Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS) or petrol, marking the fourth adjustment in its fuel pricing structure.
Nigeria faces fuel price hikes as global crude oil surges near $117/barrel, raising concerns over economic strain and household budgets amid Middle East tensions.
The NMDPRA has said fluctuations in petrol pump prices across Nigeria are a result of market dynamics under the country’s deregulated downstream petroleum sector.
Petrol prices hit N1,200 per litre in Anambra, causing transport fares to surge and Commuters have lamented the rising costs on household finances.
The NNPC is making efforts to secure crude oil supply for the Dangote Petroleum Refinery from international third-party traders to help it sustain operations
Petrol prices have risen above N1,000 per litre in several Nigerian states after Dangote Refinery increased its gantry price of PMS to N995 per litre.
The Nigerian National Petroleum Company Limited (NNPCL) has increased petrol prices surge across Nigeria, Lagos now N1,050 per litre, Abuja N1,081.
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