The Nigerian National Petroleum Company (NNPC) has updated fuel prices at its retail outlets, setting pump rates at N915 per litre in Lagos and N955 per litre in Abuja.
In Lagos, the new price marks a rise from the previous N865 per litre, while in Abuja the increase is from N890.
This adjustment follows broader shifts in the downstream petroleum market, including a recent hike in the ex-depot price by Dangote Refinery.
The higher petrol price is expected to impact transportation costs, with potential knock-on effects on food and commodity prices, as commuters and businesses face added financial strain
