Fuel Price Nears ₦1,000 Per Litre as NNPCL Effects Second Hike in Four Days

Nigerians have voiced growing frustration following another increase in the price of Premium Motor Spirit (PMS), commonly known as petrol.

The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of petrol for the second time within four days, further intensifying concerns over the rising cost of living.

According to reports by Daily Post Nigeria, the state-owned oil company on Saturday adjusted the pump price from ₦960 to ₦967 per litre, representing a ₦7 increase.

The new price has already taken effect at NNPCL filling stations in Abuja and nearby areas, triggering reactions from motorists and consumers who fear the ripple effects on transportation and the prices of goods and services.

A resident of Abuja, Darlington Ebube, expressed displeasure over the development, questioning the justification for the latest hike.

“I don’t even know why they increased it like this. Fuel is now over ₦1,000 in some places. Transportation will increase and the situation in the country may get worse. The reality is that once fuel price goes up, everything else follows,” he said.

The increase has also sparked widespread reactions on social media, where many Nigerians shared their concerns about the economic implications.

Some users questioned the timing of the adjustment amid the already high cost of living, while others pointed to global market dynamics and supply stability as possible factors influencing the increase.

Another user argued that the blame should not be placed solely on private sector players, noting that petrol prices were not necessarily cheap even before the emergence of private refinery operations.

The latest price hike adds to the growing debate over fuel pricing, energy policy, and the broader economic challenges facing Nigeria. Many Nigerians worry that continued increases in petrol prices will further strain household budgets and drive inflation across key sectors of the economy.