Business News of Monday, 23 March 2026

Source: www.dailypost.ng

NNPCL filling stations increase fuel prices after Dangote Refinery’s hike

Dangote Refinery and NNPC Dangote Refinery and NNPC

Nigerian National Petroleum Company Limited retail outlets have increased their fuel pump price above one dollar per liter.

This is coming after Dangote Refinery’s fourth price hike last week.

Checks by DAILY POST on Monday showed that NNPCL filling stations in Abuja and environs hiked their petrol price at the weekend to N1,367 per liter, up from N1,261.

This means that NNPCL retail outlets increased their petrol price by N106 per liter, making domestic pump prices to surge above $1, with N1,353.90 per dollar at the official foreign exchange market, according to the Central Bank of Nigeria’s data.

Dangote Refinery had hiked its price from N70 to N1,245 per liter on Friday on the grounds of rising crude oil prices, which skyrocketed to above $110 per barrel.

The refinery’s price hike had resulted in a nationwide retail fuel price hike.

Earlier, DAILY POST reported that the Dangote Refinery-backed MRS and other filling stations raised their petrol pump prices to N1,367 and N1,440 per liter.