Petrol Price Hike Hits Abuja as MRS, AA Rano, Others Raise Rates Despite FG’s Discount Plan

Petrol Price Hike Hits Abuja as MRS, AA Rano, Others Raise Rates Despite FG’s Discount Plan

ABUJA – Petrol consumers in the Federal Capital Territory (FCT) have been thrown into fresh anxiety following an abrupt increase in the pump price of Premium Motor Spirit (PMS), popularly known as petrol.

Checks by Newstrends.ng on Sunday, October 11, 2026, revealed that major independent marketers, including MRS, Ranoil, and AA Rano filling stations, have adjusted their pumps upward, disregarding the Federal Government’s proposed palliative measure. According to findings, MRS filling stations have raised their price by a staggering N39, moving from N1,370 to N1,409 per litre. Similarly, Ranoil and AA Rano filling stations have jerked up their prices by N10, selling at N1,410 per litre, up from the previous N1,400. The new rates took immediate effect at various outlets in Kubwa, Katampe, Gwarimpa, and other satellite towns within the nation’s capital.

The latest hike presents a sharp contrast to the proposal made by the Minister of Finance, Taiwo Oyedele, who had earlier floated a plan to cushion the harsh economic impact on Nigerians. The proposal suggested that petrol would be sold at a discounted rate of N1,350 per litre exclusively at Nigerian National Petroleum Company (NNPC) filling stations. However, the decision by MRS and the Rano group to raise prices suggests a disconnect between government policy and market forces. Industry analysts suggest that the marketers may be responding to foreign exchange fluctuations and landing cost pressures, which make the proposed N1,350 price unsustainable for private businesses.

READ ALSO:

• Kano Police Explain Blockade of ‘Tinubu Must Go’ Meeting
• Xenophobia: Nigeria Evacuates 111 More Citizens From South Africa as Returnees Hit 2,037
• Russia-Ukraine Truce in Doubt as Zelenskyy Questions Trump’s Ceasefire Announcement

Speaking on the condition of anonymity, a station manager at one of the affected outlets in Gwarimpa noted that the proposed Federal Government discount is a “welcome development” but argued that it cannot work in isolation. “The government cannot ask only NNPC to sell at a discount while independent marketers buy at higher ex-depot prices. If the discount is not extended to all marketers, we will be forced out of business, and Nigerians will still suffer,” the source told Newstrends.ng.

For the average Abuja resident, the fresh increase represents a further strain on household finances. Commuters have expressed frustration over the unpredictability of fuel prices. “This is too much. They told us yesterday that the government is planning to reduce the price to N1,350, and today, we are seeing N1,410. It is very confusing and painful,” said Musa Ibrahim, a commercial driver in Kubwa.

As of the time of filing this report, it remains unclear if other major marketers, such as NNPC Retail and TotalEnergies, will follow suit with the price increase. However, the development raises questions about the viability of the Federal Government’s proposed fuel subsidy discount plan. Newstrends.ng will continue to monitor the situation and provide updates on the ripple effects on transportation costs and the general cost of living across the country.

Petrol Price Hike Hits Abuja as MRS, AA Rano, Others Raise Rates Despite FG’s Discount Plan