The Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of Premium Motor Spirit (petrol) at its retail outlets in Abuja to ₦815 per litre, down from ₦835. This ₦20 reduction was observed on Monday across several NNPC stations, including those in Lugbe, Wuse Zones 4 and 6, along the Keffi–Abuja Road, and on the Kubwa Expressway
Despite this adjustment, NNPC’s price remains higher than that of some competitors. For instance, MRS filling stations, backed by the Dangote Refinery, are selling petrol at ₦739 per litre. Other independent marketers in Abuja display varied prices: Matrix at ₦840, Sunlight at ₦825, and Optima Energy at ₦835
The price reduction by NNPC follows intensified competition in Nigeria’s downstream oil sector, notably after the Dangote Petroleum Refinery began large-scale petrol supply. Previously, on December 19, 2025, NNPC had slashed its petrol price by ₦80, from ₦915 to ₦835 per litre, in response to a price war triggered by Dangote Refinery’s reduction of its gantry price to ₦699 per litre
These developments reflect the early effects of deregulation and increased domestic refining capacity, compelling marketers to adjust prices based on market dynamics rather than regulated pricing. However, consumers continue to face price volatility, and independent marketers have expressed concerns over shrinking margins and uneven access to competitively priced supply [1] .
The Federal Government maintains that pricing will be determined by market forces, and Nigerians are closely monitoring how prices evolve as local refinery supplies stabilize.
