NNPCL Slashes Petrol Price to ₦815 Per Litre Amid Intensifying Downstream Competition
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, to ₦815 per litre across several of its retail outlets, marking another shift in the country’s volatile downstream oil market.
Details obtained by Akahi News indicate that the new price represents a ₦20 reduction from the previous ₦835 per litre, as observed at NNPCL filling stations in parts of Abuja, including Wuse Zones 4 and 6, the Keffi–Abuja Road axis, and along the Kubwa Expressway.
Price Adjustment Takes Effect Nationwide Outlets
Newsmen who monitored fuel sales in the Federal Capital Territory confirmed that the revised price took effect on Sunday evening. A station attendant at one of the NNPCL outlets, who spoke on condition of anonymity, disclosed that the directive was implemented following internal instructions from the company’s management.
Akahi News gathered that the latest adjustment is part of ongoing market-driven pricing realignments within Nigeria’s deregulated downstream sector.
Dangote Refinery Influence Still Felt
Despite the reduction, the NNPCL’s ₦815 per litre price remains ₦79 higher than the ₦739 per litre currently offered at MRS filling stations supplied by the Dangote Refinery nationwide. Industry observers note that the Dangote Refinery’s aggressive pricing strategy continues to exert pressure on other market players.
Recall that on December 19, 2025, NNPCL slashed petrol prices by ₦80, bringing it down to ₦835 per litre at the time. That move followed Dangote Refinery’s earlier reduction of its gantry price to ₦699 per litre, which triggered what analysts have described as a price war in the oil downstream sector.
Implications for Consumers and the Market
Energy analysts say the continued price adjustments reflect increased competition and evolving supply dynamics, offering modest relief to consumers grappling with high transportation and living costs. However, they caution that prices may continue to fluctuate depending on crude oil prices, exchange rates, and logistics costs.
As market forces reshape Nigeria’s fuel pricing landscape, Akahi News will continue to monitor developments and provide timely updates on how these changes affect consumers and the broader economy.
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By Joseph Iyaji | Akahi News
Joseph Iyaji is a journalist, educator, and founder of Akahi G. International, Akahi Tutors, and Akahi News. Read more about him here.
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