NNPC Hikes Petrol Price To ₦992/Litre In Lagos - Politics

NNPC Hikes Petrol Price To ₦992/Litre In Lagos - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › NNPC Hikes Petrol Price To ₦992/Litre In Lagos (10981 Views)

NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Islie(op): 12:55pm On Oct 13, 2025

The Nigerian National Petroleum Limited (NNPCL) has increased petrol price to N992 per litre from N865 per litre.

No official reason has been given for the increment as of the time of filing this report.

Across NNPC retail outlets visited by The Nation, attendants were seen adjusting their pumps to reflect the new price.

At NNPC filling station on Ogunusi road, Ojodu Berger, petrol attendants at the station said they were instructed to change the price to reflect the new rate N992 per litre.

However, checks at Ibafo along the Lagos /Ibadan expressway showed that NNPC outlets still displayed the old price of N875 per litre, although they were not selling to commuters.

Most of the NNPC stations were not dispensing fuel.

https://thenationonlineng.net/just-in-nnpc-hikes-petrol-price-to-n992-litre-in-lagos/

1 Like

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by SeverusSnape(m): 1:10pm On Oct 13, 2025

Go with your APC membership card, They will sell to you at #500 per litre.

76 Likes 2 Shares

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Brendaniel: 1:25pm On Oct 13, 2025

SeverusSnape:
Go with your APC membership card, They will sell to you at #500 per litre.

Me I'm even getting fuel for free now, I took APC's advise to plant what you need and not wait for the government, I planted 10 liters of fuel in my backyard last year November, now I get 100 liters everyday, I even give to my neighbors grin

100 Likes 4 Shares

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by BlueStripper: 1:26pm On Oct 13, 2025

Same day Seyi is sharing 1 million Bible's to Christians?

You people think we are clowns right?

Like Shaytan, you give with one hand and take with another hand.

Dan Iska Kawai! sad

19 Likes 1 Share

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Fatbam005: 1:27pm On Oct 13, 2025

Nigerians will soon start migrating to Mali soon

9 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by after7: 1:27pm On Oct 13, 2025

So artificial scarcity was created to increase fuel price.

3 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Hezzyluv: 1:27pm On Oct 13, 2025

We are used to it already. If they like, let them sell it #1,500. Shebi cooking gas jumped from 950 per kg to almost 3k some days ago and people no shout?

7 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by SegunAji0147(m): 1:28pm On Oct 13, 2025

Nigeria my country,we are into it already

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Nobody: 1:29pm On Oct 13, 2025

It needs to go higher sef

1 Like

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by flourish01(m): 1:30pm On Oct 13, 2025

992 per litre? Na wa o, them just dey rob us in plain sight. They go dey reduce supply so they fit jack up the price like this. cry

2 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Kobolander: 1:33pm On Oct 13, 2025

Helpless Nigerians always the pawn in the politics and power play by our big boiz in the national economy

3 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by SlavaUkraini: 1:36pm On Oct 13, 2025

Na to go install CNG cylinders for my vehicle be that ooo

3 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by KEVIND: 1:36pm On Oct 13, 2025

If not for Dangote fuel will be selling @ 2K per liter by now.
This people are mean to Nigerians.
Nigeria is a jungle, survival of the fittest na im we dey

8 Likes 1 Share

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by tuoyoojo(m): 1:36pm On Oct 13, 2025

This rubbish makes no sense

Haba nau

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by ZombieTAMER: 1:37pm On Oct 13, 2025

Somebody tell Tinubu and his supporters to bring it on

this is more than the price of petrol in the US..

where the minimum wage is more than 300k

2 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by slivertongue: 1:37pm On Oct 13, 2025

Tinubu is building a prosperous Lagos with hardship

1 Like

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by nairalanda1(m): 1:38pm On Oct 13, 2025

Brendaniel:
Me I'm even getting fuel for free now, I took APC's advise to plant what you need and not wait for the government, I planted 10 liters of fuel in my backyard last year November, now I get 100 liters everyday, I even give to my neighbors

Whereas if we had followed your ideas and kept subsidy, keeping fuel at N200 per liter, by now our debt would be nearing the N250 trillion mark, if not higher, and budget deficits would be as high as N20 trillion naira.

And we would have no refineries, because no ROI, and dangote refinery would soon be scrap. And we would be losing billions to fuel smuggling. And the forex reserves would be below 1billion dollars..if not worse.

(And if any nation has stopped smuggling of subsidised fuel...you are free to give examples. Libya, Iran, Angola, Saudi, and Venezuela have not been successful to date)

Venezuela once had a 900000 bpd refinery, which was down to 100000 bpd in 2008...because subsides on fuel. Unless they are run by APC...lol..

Mock APC...they are incompetent, but dont wish fuel subsidy on us again. We should have removed that thing since 1987. If we had, by now we would be refining fuel for over half of Africa and earning millions.

73 Likes 1 Share

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Racoon(m): 1:38pm On Oct 13, 2025

More shege promax still loading for the masses while the elites continue to rip off the carcass of the Nation.

1 Like

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by themanderon: 1:39pm On Oct 13, 2025

Oluwole government of deceit.

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Houseontherock1: 1:40pm On Oct 13, 2025

Brendaniel:
Me I'm even getting fuel for free now, I took APC's advise to plant what you need and not wait for the government, I planted 10 liters of fuel in my backyard last year November, now I get 100 liters everyday, I even give to my neighbors

Awesome! We should plant what we consume indeed...it's working grin

1 Like

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by slivertongue: 1:40pm On Oct 13, 2025

KEVIND:
If not for Dangote fuel will be selling @ 2K per liter by now.
This people are mean to Nigerians.
Nigeria is a jungle, survival of the fittest na im we dey

Dangote will do worse if allowed to crush all voices and competitors as seen in others sectors

1 Like

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Brendaniel: 1:42pm On Oct 13, 2025

nairalanda1:
Whereas if we had followed your ideas and kept subsidy, keeping fuel at N200 per liter, by now our debt would be nearing the N250 trillion mark, if not higher, and budget deficits would be as high as N20 trillion naira.

And we would have no refineries, because no ROI, and dangote refinery would soon be scrap. And we would be losing billions to fuel smuggling. And the forex reserves would be below 1billion dollars..if not worse.

(And if any nation has stopped smuggling of subsidised fuel...you are free to give examples. Libya, Iran, Angola, Saudi, and Venezuela have not been successful to date)

Venezuela once had a 900000 bpd refinery, which was down to 100000 bpd in 2008...because subsides on fuel. Unless they are run by APC...lol..

Mock APC...they are incompetent, but dont wish fuel subsidy on us again. We should have removed that thing since 1987. If we had, by now we would be refining fuel for over half of Africa and earning millions.

What is subsidy?

Can you define subsidy?

2 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by nairalanda1(m): 1:44pm On Oct 13, 2025

Racoon:
More shege promax still loading for the masses while the elites continue to rip off the carcass of the Nation.

SUbsidy was costing us N6 trillion for the first 6 months of 2023...at a trillion a month.

Keeping it would have by now been costing us N20 trillion at worst, N12 TRILLION at best...or even more.

You have food in the market to buy because in 1985, government discontinued subsides on some selected food items...because by that time falling oil prices meant that subsides were becoming difficult to maintain, and as a result there were queues for food.

Mock APC...but subsidy removal was the best decision. The problem was too many Nigerian governments were scared of revolt to remove it. Even tinubu removing it was forced on him. We were at zero finances almost. (Tinubu is pro-subsidy, he was among the ojota crowd when GEJ was taking the sane decision to try to remove subsides back in the day).

Keep subsidy, and our defcitis and debts would be so high, it would even be worse than the shege pro max you are anticipating. It would be shege pro quadrupule max

4 Likes

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by justli: 1:45pm On Oct 13, 2025

Hezzyluv:
We are used to it already. If they like, let them sell it #1,500. Shebi cooking gas jumped from 950 per kg to almost 3k some days ago and people no shout?

'People no shout', but you are impoverishing people at a faster rate than they can keep up with. Their is a reason people in west protest over pennies increase in the price of bread. They understand economics. But you all, zero common sense.
How do you come here and say people will cope?

Sending your daughters to do prostitutions to make ends meet is that how you cope?

Or receding from city to a more rural area where rents affordable is that how you cope?

Or is it by jacking up the price of cars so high no civil servant below the level of director can afford a new car, is that the coping?

You all will still learn one day.

1 Like

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by Lukuluku69(m): 1:45pm On Oct 13, 2025

Islie:
https://thenationonlineng.net/just-in-nnpc-hikes-petrol-price-to-n992-litre-in-lagos/

This back and forth with Pump Price adjustment and readjustment is a never ending one.

Make dem continue.

Re: NNPC Hikes Petrol Price To ₦992/Litre In Lagos by nairalanda1(m): 1:45pm On Oct 13, 2025

Brendaniel:
What is subsidy?

Can you define subsidy?

SImple...the difference paid between the cost of production (including transport costs) and the government set price

For example, in 2011, we were bringing in fuel at N99 per liter (december ending)...and selling fuel at N65 per liter.

Subsidy paid for the difference...between the landing cost and the cost of fuel as set by government. Subsidy also covered the costs of transport from ports to the end consumer...

The problem with subsidy over the years is costs of production rise, and also because our naira is dependent largely on oil price, falls in oil price cause value of naira to fall...thus by 2015, landing cost was N132 and fuel was being sold at N87...which forced buhari to raise fuel to N145....to reduce subsidy costs. Ditto GEJ in 2012 when he raised fuel from N65 to N97....to reduce subsidy costs

Keep in mind this has been going on since 1973.

3 Likes 1 Share