Dangote Refinery-backed MRS filling stations and several other fuel retailers in Abuja have increased the pump price of Premium Motor Spirit, commonly known as petrol.
A market survey on Saturday showed that MRS stations along the Kubwa and Lugbe expressways and other parts of the Federal Capital Territory had raised their petrol price from N1,210 to N1,230 per litre.
The latest adjustment represents an increase of N20 per litre.
Other major fuel retailers also adjusted their prices, with some outlets operated by the Nigerian National Petroleum Company Limited, Rainoil, Empire Energy and the Nigerian Independent Petroleum Company selling petrol at prices ranging from N1,250 to N1,299 per litre.
A manager at one of the MRS filling stations, who spoke on condition of anonymity, said the company directed its outlets to increase the price.
He said the directive was received from the company’s headquarters in Lagos on Friday, although no reason was provided for the adjustment.
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The latest increase came a day after Dangote Refinery raised its petrol gantry price from N1,165 to N1,185 per litre.
The refinery’s N20 per litre increase has consequently been followed by higher pump prices at several filling stations in Abuja and surrounding areas.
With the latest adjustments, motorists in the FCT are now paying between N1,230 and N1,299 per litre, depending on the filling station and location.
The development also comes amid a rise in international crude oil prices, with Brent crude trading above $94 per barrel.
The latest increase reverses part of the price reductions recorded by Nigerian filling stations in recent weeks.
Several retailers had previously reduced their pump prices by as much as N90 per litre following an earlier reduction in the Dangote Refinery’s gantry price.
The new adjustment is therefore expected to increase fuel costs for motorists and businesses, particularly those that depend heavily on petrol for transportation and power generation.
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