Petrol Now N1,409 Per Litre In Abuja As NNPC’s N66 Discount Fails To Halt Price Hikes

Petrol prices have risen to N1,409 per litre at some filling stations in Abuja, with marketers increasing pump prices by as much as N29 despite the Federal Government’s efforts to ease the burden of rising fuel costs on Nigerians.

The increases, recorded on Sunday, October 11, affected major retail outlets across the Federal Capital Territory. AA Rano and AYM Shafa raised their prices from N1,380 to N1,409 per litre, while an NNPC Retail station in Azhata, Jikwoyi District, moved from N1,380 to N1,405. MRS, a retail partner of Dangote Refinery, also increased its price from N1,370 to N1,405 per litre.

The latest adjustments highlight the challenges facing consumers as petrol costs continue to fluctuate despite a temporary discount introduced by the Nigerian National Petroleum Company Limited (NNPC). Brandspur Banking News Desk reports that the state-owned oil company has extended its N66-per-litre discount at NNPC Retail stations until October 31, 2026.

The discount was introduced on October 1 to commemorate Nigeria’s 66th Independence Anniversary. Under the arrangement, customers buying petrol at the NNPC Retail pump price of N1,405 per litre can pay N1,339 when they complete their transactions digitally through the company’s mobile application.

However, the offer does not guarantee lower prices at other filling stations. NNPC has clarified that the initiative applies only to its retail outlets and does not establish a nationwide uniform pump price.

In Lagos, petrol sold for N1,360 per litre at some stations in Ikorodu, while outlets in Coker, Orile and Second Rainbow offered the product at N1,350 per litre. Prices at some independent filling stations ranged from N1,360 to N1,400, depending on the location.

Also read: https://brandspurng.com/2026/10/09/fg-announces-30-day-petrol-discount-through-nnpcl-targets-public-transporters/

The Federal Government has maintained that the NNPC discount is not a return to petrol subsidy. Instead, the company is funding the initiative by foregoing its profit margin, rather than relying on public funds to cover the price reduction.

NNPC said the measure was designed to offer consumers some relief amid uncertainty in the international oil market. It also reaffirmed its commitment to working with the government and industry stakeholders to reduce the pressure of rising fuel prices on households and businesses.

The latest increases come as global crude oil prices face upward pressure from the conflict in the Middle East. Developments in the international market continue to influence domestic petrol costs, affecting transport fares and the operating expenses of businesses that depend on fuel.

For commuters, commercial drivers and small businesses, differences in pump prices can have immediate financial consequences, particularly when fuel accounts for a significant share of daily operating costs.

With the NNPC discount set to remain in place until the end of October, motorists seeking the reduced rate will need to use participating NNPC Retail stations and meet the digital payment requirement. Other outlets remain free to set their prices within the prevailing market-based pricing framework.