Petrol prices have increased across several filling stations in the Federal Capital Territory following another adjustment in the ex-depot price by the Dangote Refinery.
The latest increase comes despite a decline in international crude oil prices, with crude reportedly falling from about $92 to $87.31 per barrel.
The Dangote Refinery has raised its gantry price several times within the past week, moving from N1,165 per litre to N1,185, N1,200 and, most recently, N1,265 per litre.
The latest adjustment represents a N65 increase from the previous price of N1,200 per litre.
Checks in Abuja on Sunday showed that several filling stations had increased their pump prices, with motorists now paying more for petrol.
AY Shafa, for instance, raised its pump price from N1,250 to N1,270 per litre, while Optima increased its price from N1,260 to N1,300 per litre.
The Nigerian National Petroleum Company also adjusted its pump price from N1,250 to N1,270 per litre.
An economist, Samson Ogunjimi, expressed concern over the impact of rising petrol prices on households and businesses, describing the situation as increasingly difficult for Nigerians.
He urged the Federal Government to intervene and explore measures to stabilise petrol prices and reduce the pressure on citizens.
Meanwhile, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, attributed the latest pump price increases to the repeated adjustments by the Dangote Refinery.
Ukadike said marketers could not continue selling petrol below their replacement cost, noting that frequent price changes were creating uncertainty for both marketers and consumers.
He explained that fluctuations in the cost of obtaining new supplies could significantly affect the prices at which petrol is sold to motorists.
