The Nigerian National Petroleum Company Limited has increased the pump price of petrol to N925 per litre at its retail stations in Lagos and N950 per litre in Abuja.

The new price regime, effective from April 2, 2025, represents an increase of N65 from the previous price of N860 per litre in Lagos and a N70 difference from the N880 previously sold in the North.

Recall that last week, MRS and other independent marketers increased the price of petrol, raising its pump price to N930 per litre in Lagos and N960 for residents living in the northern part of the country.

This adjustment also comes against the backdrop of a new leadership at the national oil firm. President Bola Tinubu appointed Mr Bayo Ojulari to replace Mele Kyari in the early hours of Wednesday, while also restructuring the NNPCL board.

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