The pump-price battle across Nigeria is intensifying, with a fresh wave of filling stations trimming their petrol costs to stay ahead in a rapidly shifting market. On Wednesday morning, checks by DAILY POST revealed that outlets including Ranoil, the Nigerian Independent Petroleum Company (NIPCO), and Empire Filling Stations have dropped their Premium Motor Spirit (PMS) prices to between N1,275 and N1,299 per litre in Abuja and its surrounding areas. That marks a further cut of N11 to N25 per litre, moving down from the previous range of N1,300 to N1,310.
This latest adjustment comes just two days after the Nigerian National Petroleum Company Limited (NNPCL), AA Rano, and other major players revised their own pump prices, signaling a broader trend of downward pressure on fuel costs. The moves are part of an aggressive push to win over consumers as petrol prices continue to slide nationwide.
The ripple effect traces back to a week ago, when Dangote Refinery announced a N50 reduction, bringing its price down to N1,165 per litre from N1,210. That bold step appears to have triggered a chain reaction, forcing retailers and distributors to rethink their margins and pass savings on to motorists. For now, drivers in the capital and beyond are reaping the benefits of a market suddenly more competitive than it has been in months.
