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Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited (NNPCL), has once again adjusted petrol prices downward, offering motorists modest relief amid persistent volatility in the downstream sector.
Across several of its retail outlets, the pump price of Premium Motor Spirit (PMS), commonly known as petrol, has been reduced to ₦815 per litre.
This marks a ₦20 cut from the previous ₦835 per litre sold at NNPCL stations.
Early morning checks in parts of Abuja showed that the new price was already in effect at multiple locations.
Stations in Wuse Zone 6, Wuse Zone 4, along the Keffi–Abuja Road, and the Kubwa Expressway dispensed petrol at the revised rate.
Confirming the adjustment, a fuel attendant at one of the outlets said the price change was quietly implemented over the weekend.
“We were instructed to begin selling at the new rate on Sunday evening,” the attendant said.
However, despite the reduction, NNPCL’s petrol price remains significantly higher than rates at some privately operated stations.
Notably, MRS filling stations, backed by the Dangote Refinery supply chain, currently sell petrol at ₦739 per litre nationwide.
Industry observers note that the growing price gap reflects intense competition in Nigeria’s oil downstream market.
A downstream analyst explained that “retail prices are now reacting more rapidly to changes at the refinery and gantry levels than in previous years.”
It is worth recalling that NNPCL had earlier reduced petrol prices on December 19, 2025, when it slashed ₦80 off the pump price, bringing it down to ₦835 per litre at the time.
That earlier cut followed Dangote Refinery’s decision to lower its gantry price to ₦699 per litre, a move that has continued to reshape pricing strategies across the sector.
Meanwhile, consumers and transportation operators are closely watching developments. Many believe further adjustments remain possible as competition deepens and market forces continue to exert pressure on fuel retailers nationwide.