Business
MAY 1: Nigerians Buy Fuel at N1440 Per Liter as NNPCL
Petrol prices have climbed sharply across Nigeria, with several filling stations now dispensing fuel between N1,364 and N1,444 per liter, reflecting the growing impact of rising global crude oil prices on the domestic market.
Findings by DAILY POST on Thursday evening showed that major marketers, including the Nigerian National Petroleum Company Limited (NNPCL), MRS, BOVAS, AP (Ardova), and Mobil, adjusted their pump prices to between N1,364 and N1,370 per liter.
Other outlets such as AA Rano, Emedab, Empire Energy, and Ranoil are selling petrol at higher rates, ranging from N1,370 to N1,440 per liter.
This marks a steep increase from around N900 per liter recorded in February 2026.
The latest adjustment comes barely 24 hours after Dangote Refinery and depot owners raised their gantry and ex-depot prices to N1,275 and N1,320 per liter, respectively, attributing the hike to a surge in global crude oil prices.
Checks on Friday morning indicated that Brent and West Texas Intermediate (WTI) crude benchmarks climbed to $111 and $105 per barrel, driven by sustained tensions involving Iran, the United States, and Israel in the Middle East.
The situation has been further compounded by the recent exit of the United Arab Emirates from the Organization of Petroleum Exporting Countries (OPEC), adding to volatility in the global oil market.
Commenting on the development, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said the rise in global oil prices is significantly affecting domestic fuel costs.
“Though Dangote Refinery has helped cushion the impact, global crude oil price volatility is impacting the domestic market,” he said.
The continued rise in gasoline prices has intensified calls for urgent government intervention, as Nigerians grapple with worsening economic conditions.
The development is coming at a critical time, as workers mark the May Day celebration, with the minimum wage at N70,000 and the cost of living continuing to rise alongside fuel prices nearing N1,500 per liter.
The Nigerian National Petroleum Company Limited has increased the premium motor spirit price after Dangote Refinery raised its gantry price.
A market survey by DAILY POST on Thursday showed NNPCL outlets in Abuja and its environs have adjusted their petrol pump price to N1,364 per liter from N1,295. This means that the state-owned oil firm hiked petrol by N69 per liter.
The latest fuel prices have been implemented at Gwarimpa, Kubwa Expressway, Wuse Zone 6, and Zone 4 NNPCL filling stations in Abuja.
“We adjusted our pump price to N1364 per liter from N1295 this morning, an attendant said.
Filling stations in Abuja, such as MRS, BOVAS, and others, have raised their petrol price to between N1365 and N1370 per liter.
Recall that Dangote Refinery had on Wednesday increased its fuel gantry price by N75 to N1,275 per liter from N1,200 due to a hike in crude oil price to above $115 per liter.
A staff member at the Murtala Muhammed International Airport, MMIA, in Lagos, Frank Omorojie, has been commended for returning a lost purse containing cash and important travel documents to its owner at the departure hall of Terminal 2.
The incident occurred on Wednesday at the Rwanda Air check-in area, where Omorojie reportedly discovered the misplaced item.
The purse contained $1,700, a Nigerian and British passport, as well as a credit card.
According to airport sources, the discovery immediately raised concerns about tracing the owner, but Omorojie promptly handed the item over to Aviation Security, AVSEC, personnel without hesitation.
Following standard airport procedures, the recovered belongings were properly documented and transferred to the Customer Service unit, which quickly made a public announcement to locate the owner.
Within a short time, a Nigerian passenger scheduled to travel to Kigali, Rwanda, who had already feared the items were lost permanently, was reunited with all her belongings intact.
Airport officials described the incident as a clear demonstration of professionalism and integrity, noting that such actions reinforce public confidence in airport operations and staff conduct.
Speaking briefly, Omorojie said his decision was guided by simple principles of honesty.
“I just did what was right,” he said.
His action has since drawn praise from colleagues and airport authorities, who described it as a commendable example of responsibility and ethical conduct in public service.
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