Petrol prices surged to as high as N945 per litre in Abuja as supply disruptions from the PENGASSAN strike triggered scarcity and depot price hikes.
Nigerians in Abuja faced fresh hardship on Monday as the price of premium motor spirit, PMS, soared to between N905 and N945 per litre in several filling stations.
Checks showed that Nigerian National Petroleum Company Limited (NNPCL) retail outlets, AA Rano, Shema, and Empire stations adjusted their pump prices, with Empire in Gwarimpa selling at the highest rate of N945 per litre. Other stations, including MRS, Emedeb, Raniol, and Eterna, dispensed petrol at N885–N910 per litre.
Industry players attributed the hike to supply disruptions caused by last week’s strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, said: “Our members are still selling between N885 and N895 per litre. The feud between Dangote and PENGASSAN might have resulted in the latest fuel price due to panic buying and artificial scarcity.”
Depot prices have also risen slightly, with Dangote Refinery selling at N844 per litre, Raniol and Aiteo at N845, and NIPCO at N850.
Meanwhile, Vice President Kashim Shettima said Nigeria was “bigger than PENGASSAN,” a remark countered by union president Festus Osifo, who insisted the nation was “bigger than Dangote Refinery and the presidency.”