The Nigerian National Petroleum Company (NNPC) has reduced the pump price of petrol to N875 per litre in Lagos and N900 per litre in Abuja. This price adjustment comes just two days after the national oil company increased the price to N915 per litre in Lagos and N955 per litre in Abuja.
According to reports, NNPC retail outlets in Lagos and Abuja have implemented the new price cuts. In Lagos, the price dropped to N875 per litre at NNPC’s Fadeyi branch on Western Avenue. Similarly, in Abuja, petrol is being sold for N900 per litre at an NNPC retail outlet located at the Federal Housing Authority (FHA) in Kubwa.
However, other marketers’ prices vary. Dangote refinery partners, such as Mobil and AP, are still selling petrol at N915 per litre in Lagos. Independent stations like Ranoil and Empire Energy have marginally adjusted their prices downward, selling at N955 and N950 per litre, respectively, in Abuja. MRS filling stations are maintaining their pump price at N885 per litre.
The rapid price reversal comes after widespread public outcry over the Monday increase that had pushed petrol costs to nearly N1,000 per litre at many stations, placing additional financial pressure on consumers already struggling with high living costs. The price adjustment has been confirmed at multiple NNPC locations, including outlets in Gwarimpa, Kubwa Expressway, Wuse Zone 6, and Wuse Zone 4 in Abuja.
The NNPC’s decision to reduce prices provides immediate relief for consumers in Abuja, but uncertainty remains about whether this downward trend will extend to filling stations across other parts of the country. Many Nigerians continue to express frustration over the persistent instability in fuel pricing, which directly impacts transportation costs and overall living expenses nationwide.
