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The Nigerian National Petroleum Company Limited (NNPCL) has increased its petrol pump price to ₦1,405 per litre across retail stations nationwide, up from the previously listed ₦1,370 per litre.
The latest price adjustment, which took effect across major urban centers including Abuja and Lagos on Monday, October 19, 2026, represents a ₦35 per litre increase amid ongoing discussions surrounding national fuel pricing mechanisms and gantry depot rates.
Retail station attendants confirmed that the new price structure was uploaded across company-owned filling stations over the weekend, pushing retail rates higher despite earlier indications of a short-term price discount framework.
Under the revised pricing environment, gantry depot rates across major hubs like Dangote Refinery, Pinnacle, Matrix, and Rain Oil have continued to fluctuate between ₦1,345 and ₦1,360 per litre, driving higher operating and distribution costs at the retail pump level.
Across the South West, major marketer retail stations and NNPC outlets in Lagos, Ogun, and Oyo states sell petrol between ₦1,350 and ₦1,405 per litre, while independent marketers in the zone retail between ₦1,410 and ₦1,430 per litre.
For the Federal Capital Territory (FCT) Abuja and North Central states like Nasarawa and Niger, NNPCL stations maintain the ₦1,405 per litre benchmark, whereas independent stations operate within a regional band of ₦1,420 to ₦1,450 per litre to absorb long-distance transport costs.
In the South South and South East—spanning Rivers, Edo, Delta, Enugu, and Anambra—independent stations charge between ₦1,420 and ₦1,460 per litre depending on supply movement from regional depots in Port Harcourt, Calabar, and Warri, where Bongas and Pivot depots logged prices around ₦1,354 per litre.
In the Northern regions, including the North West and North East, additional haulage logistics have pushed prices at independent outlets higher, ranging from ₦1,430 to ₦1,480 per litre, while major outlets remain aligned closer to the official NNPCL rate.
Commercial transport operators and motorist associations have voiced immediate concern over the price adjustments, warning of imminent secondary fare increases across intracity and interstate transport routes.
Energy analysts and commercial transport operators continue to monitor market shifts closely as local refining output, crude oil spot market fluctuations, and logistics overheads shape retail energy costs nationwide.
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