NNPCL cuts petrol price to N815 per litre, deepens competition in downstream market

The Nigerian National Petroleum Company Limited (NNPCL) has once again reduced the pump price of premium motor spirit (PMS) at its retail outlets, lowering the cost to N815 per litre from N835.

Checks by correspondents across parts of Abuja on Monday morning confirmed that the new price is already being implemented at several NNPCL filling stations, including outlets in Wuse Zones 6 and 4, Keffi–Abuja Road, and along the Kubwa Expressway.

The latest adjustment represents a N20 reduction per litre, further intensifying competition in Nigeria’s downstream petroleum sector.

An attendant at one of the NNPCL stations, who spoke on condition of anonymity, disclosed that the revised price took effect on Sunday evening, with customers already benefiting from the reduction.

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Despite the price cut, NNPCL’s N815 per litre remains N79 higher than the N739 per litre currently sold at MRS filling stations backed by the Dangote Refinery across the country.

Industry watchers note that the ongoing adjustments reflect a broader price war among major players in the oil marketing space, following aggressive pricing strategies by the Dangote Refinery.

Recall that on December 19, 2025, NNPCL slashed the pump price of petrol by N80, bringing it down to N835 per litre.

That reduction followed Dangote Refinery’s decision to lower its gantry price to N699 per litre, a move that reshaped pricing dynamics nationwide.

The latest reduction by NNPCL is expected to further influence pricing decisions by independent marketers, as consumers continue to seek cheaper fuel options amid prevailing economic pressures.