Will NNPC Retail, MRS, or TotalEnergies increase the nationwide pump price of PMS by at least ₦10 per litre before 11:59 PM WAT on August 7, 2026?

Outcome: NO

How this forecast is settled

PMS prices have already been highly volatile in July 2026. NNPC cut its Abuja pump price to ₦1,270/litre on July 21 after earlier cuts to ₦1,110, while depot prices from Dangote Refinery and importers pushed toward ₦1,350 amid Strait of Hormuz tensions, with pump prices in Abuja now reported between ₦1,300 and ₦1,335/litre. Given this trajectory, this question asks whether NNPC Retail, MRS, or TotalEnergies will raise nationwide pump prices by at least ₦10/litre from current levels before the deadline.

Resolution

No, this did not happen. Instead of increasing prices, major retailers like NNPC Retail and MRS actually reduced their pump prices during the first week of August 2026 following ex-depot price cuts from the Dangote Refinery. No nationwide price hike of ₦10/litre occurred prior to the August 7 deadline.

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