KEY POINTS
- MRS filling stations increased petrol prices by N100 to N1,267/litre following Dangote Refinery’s gantry price hike.
- Other marketers, including Optima, also raised prices, while NNPC sells slightly lower at N1,261/litre.
- Rising global crude oil prices amid geopolitical tensions continue to drive fuel price increases in Nigeria.
Dangote Refinery-backed MRS Oil Nigeria Plc has raised its fuel pump price across the country following a recent increase in gantry price by Dangote Refinery.
The refinery last Friday adjusted its gantry price to N1,175 per litre, prompting immediate reactions from downstream operators.
In Abuja, MRS filling stations have increased petrol prices from N1,167 to N1,267 per litre — a N100 jump that mirrors the refinery’s price hike.
A station manager confirmed that the adjustment was directly linked to the higher gantry price.
Similarly, Optima Filling Station also raised its pump price by N50, from N1,220 to N1,270 per litre, reflecting the ripple effect across the retail market.
NNPC, Other Marketers Maintain Competitive Range
Retail outlets operated by the Nigerian National Petroleum Company Limited currently sell petrol at N1,261 per litre, slightly lower than MRS and Optima.
Other marketers, including AA Rano, NIPCO, Eterna, Mobil, Empire Energy, and Raniol, are dispensing petrol within the N1,270 to N1,330 per litre range in Abuja and surrounding areas.
The surge in domestic fuel prices comes amid sustained volatility in global crude oil markets, largely driven by escalating geopolitical tensions involving Iran, the United States, and Israel since late February 2026.
As of Tuesday morning, Brent crude traded at $97.39 per barrel, while West Texas Intermediate stood at $103.7 per barrel, underscoring persistent upward pressure on fuel costs.
