The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of Premium Motor Spirit (PMS), popularly known as petrol.

According to a market survey by Daily Post, several NNPCL retail outlets in Abuja and its environs on Tuesday adjusted their petrol prices to between ₦1,395 and ₦1,430 per litre.

The latest adjustment represents an increase of between ₦50 and ₦80 per litre.

The new prices have reportedly been implemented at NNPCL outlets in Airport Junction, Gwarinpa, Kubwa Expressway, Wuse Zone 4 and other locations across the Federal Capital Territory.

The development comes shortly after Dangote Petroleum Refinery increased its PMS gantry price by ₦85 per litre, from ₦1,265 to ₦1,350, representing a 6.7 per cent increase.

According to information obtained from Petroleumprice.ng, the latest increase comes amid a sharp rise in international crude oil prices and higher petroleum product replacement costs, with the landing cost of PMS reportedly reaching ₦1,311 per litre.

The adjustment places Dangote Refinery’s ex-gantry price above the current landing-cost benchmark and reflects growing pressure in Nigeria’s downstream petroleum market.

The latest development also reverses the refinery’s earlier decision to maintain its Lagos PMS price, as rising crude oil prices and replacement costs continue to exert pressure on petrol prices nationwide.