Retail outlets operated by the Nigerian National Petroleum Company Limited (NNPCL) adjusted petrol pump prices on Wednesday in both Lagos and the Federal Capital Territory (FCT), Abuja.

In Lagos, our correspondent reported that several NNPCL stations were selling petrol for ₦998 per litre, an increase of ₦150 from the previous price of ₦855. The sudden hike led to long, snaking queues at stations in Abule-Egba, U-turn, Abbatoir, and other nearby areas, as motorists and transporters scrambled to stock up in anticipation of further price rises.

Non-NNPCL filling stations quickly followed suit, raising their prices incrementally. Many stations in Lagos were selling petrol for as high as ₦1,050 per litre.

The situation in Abuja mirrored that of Lagos, with NNPCL outlets increasing prices from ₦897 to ₦1,030 per litre.

This fresh hike comes just weeks after the previous increase on September 2, 2024, when NNPCL raised the price of petrol from ₦568 to ₦855 per litre, triggering public outrage.