A market survey conducted on Monday morning showed that MRS outlets raised their retail price from N1,370 to N1,409 per litre, representing an increase of N39 per litre over the weekend.
The new price has been implemented at MRS filling stations in Kubwa, Katampe, Gwarimpa and other parts of the Federal Capital Territory.
Similarly, Ranoil and AA Rano increased their petrol prices by N10 per litre, moving from N1,400 to N1,410 per litre across their outlets.
The latest adjustments come amid ongoing discussions over the Federal Government’s proposed petrol price reduction, which is expected to bring the cost of the product down to N1,350 per litre at Nigerian National Petroleum Company Limited (NNPCL) filling stations.
The proposed initiative was announced by the Minister of Finance, Taiwo Oyedele, as part of efforts to provide some relief to motorists and other consumers amid rising fuel costs.
However, the latest increases by private fuel retailers have raised questions about the extent to which the proposed price reduction could affect the wider retail market.
Fuel marketers have urged the Federal Government to extend the initiative beyond NNPCL outlets to other filling stations, arguing that broader participation would allow more Nigerians to benefit from any price relief.
The latest pump price changes also highlight the continued variations in petrol prices among retailers, as filling stations adjust their rates in response to prevailing market conditions.
Motorists in Abuja and neighbouring communities will now have to contend with the higher prices at the affected outlets, with the cost of transportation and other fuel-dependent services potentially affected by the development.
As discussions over the proposed price initiative continue, consumers and industry operators will be watching for further clarification on its implementation and whether it will be extended to privately operated filling stations.
