NNPCL Raises Petrol Price to ₦905 Per Litre Amid Supply Disruptions Linked to PENGASSAN-Dangote Refinery Feud

The Nigerian National Petroleum Company Limited (NNPCL) has once again adjusted the pump price of Premium Motor Spirit (PMS), commonly known as petrol, sparking fresh concerns among consumers already grappling with rising living costs.

Reports indicate that NNPCL retail outlets in Wuse Zone 6 and Zone 4, Abuja, have raised their pump prices to ₦905 per litre, up from ₦890. This reflects a ₦15 upward adjustment, representing about a 1.7 percent increase in the price of the essential commodity.

According to industry sources, the new increment follows disruptions in petroleum product supply across the country, attributed to the ongoing dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery.

The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, confirmed the price adjustment, explaining that the supply chain challenges arising from the PENGASSAN strike action have affected the distribution and availability of petrol nationwide.

He further clarified that while NNPCL outlets have raised their prices, independent marketers are still selling within a slightly lower range.

“It is due to PENGASSAN’s strike disruption. However, members still sell at ₦885 and ₦895 per litre,” he told reporters.

Recall that the tension between PENGASSAN and the Dangote Refinery stemmed from the alleged mass sacking of Nigerian workers at the refinery, a development that prompted a two-day nationwide strike by the oil workers’ union.

The industrial action reportedly disrupted the supply and distribution chain of petroleum products, leading to scarcity fears in parts of the country.

However, the Federal Government’s prompt intervention helped to broker peace between both parties, leading to the suspension of the strike.

With this latest adjustment by NNPCL, motorists and households across Nigeria may face renewed pressure, as the hike is likely to trigger ripple effects on transportation costs and commodity prices in the days ahead.