The Nigerian National Petroleum Company Limited (NNPC) has adjusted its fuel prices, raising them to N925 per litre in Lagos and N950 per litre in Abuja, effective April 2, 2025. This increase follows a period of fluctuating prices and reflects significant shifts within Nigeria’s volatile fuel market.
This adjustment, a N65 increase in Lagos and a N70 jump in Abuja compared to previous NNPC rates, comes on the heels of independent fuel sellers like MRS already pushing prices to N930 and N960 respectively. “This latest move by NNPC,” states industry analyst Adeola Ojo, “indicates a response to the evolving market dynamics, particularly the Dangote Refinery’s decision to cease selling petroleum products in naira.”
The pricing changes are occurring as NNPC undergoes leadership restructuring. President Bola Tinubu recently appointed Mr. Bayo Ojulari to replace Mele Kyari, signaling a potential shift in the company’s strategic direction. This leadership change coincides with a broader market adjustment, adding complexity to the current situation.
According to reports, Lagos NNPC stations along key routes such as the Lagos-Ibadan Expressway and Ikorodu Road have implemented the N925 per litre rate. Stations in Fadeyi, Ago Palace Way, Ogba, College Road, Acme Road, and the Lagos-Abeokuta Expressway have also followed suit. However, NNPC has noted that delivery delays may cause some stations to lag in updating their prices.
The ripple effects of these price changes are palpable, particularly in urban centers where reliance on personal vehicles and commercial transportation is high.
In Abuja, the NNPC station on the Kubwa expressway has raised its price to N950 from N880, mirroring adjustments in other Wuse stations. This price revision follows a period of competitive pricing, where NNPC had previously lowered its rates to N860 per litre in March 2025, aligning with Dangote Refinery’s initial lower prices. However, rising global oil prices, fluctuating exchange rates, and increased crude oil costs have compelled NNPC to revise its strategy.
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Earlier in the year, NNPC had sold petrol at N925 per litre in December 2024, demonstrating the market’s volatility. The current Lagos price, while higher than recent figures, remains below the rates observed in Abuja.
The complexities of Nigeria’s free-market fuel system, coupled with global economic pressures, continue to shape the nation’s energy landscape. These price adjustments have a direct impact on the daily lives of Nigerians and highlight the ongoing challenges in maintaining stable fuel prices.
