The Nigerian National Petroleum Company Limited (NNPCL) has reduced the price of premium motor spirit, also known as petrol, for the second time in recent weeks. As of Monday morning, NNPCL retail outlets in Abuja were selling petrol at N815 per litre, down from N835—a cut of N20 per litre. The new price has been implemented at various NNPCL filling stations in Abuja, including those in Wuse Zone 6 and 4, Keffi‑Abuja Road, and Kubwa Expressway. An attendant at one of the stations, who wished to remain anonymous, said the reduction was applied on Sunday evening.
Despite the cut, the current N815 per litre price at NNPCL stations remains higher than at some other retail outlets. For example, MRS filling stations, backed by Dangote Refinery, are selling petrol at N739 per litre, a difference of N76 per litre. This latest reduction is part of an ongoing price war in Nigeria’s oil downstream sector, which began when Dangote Refinery lowered its gantry price to N699 per litre. In response, NNPCL previously cut its price by N80 to N835 per litre on 19 December 2025.
The successive price reductions are likely to have a significant impact on consumers, who have been facing high fuel costs. The move is also expected to intensify competition in the downstream sector, potentially prompting further price cuts. As the situation unfolds, it remains to be seen how other players in the market will respond to the latest reductions.
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