KEY POINTS
- NNPC reduced petrol prices by N20 per litre across its retail outlets
- Fuel now sells at N815 per litre at NNPC stations in Abuja
- Rival stations supplied by Dangote Refinery are selling at lower prices
As competition in the downstream oil market intensifies, the Nigerian National Petroleum Company Limited, NNPC, has once again reduced the price of fuel at its retail locations by N20.
Reporters checked several NNPC stations in Abuja on Monday and found that gasoline was selling for N815 per litre. Industry sources familiar with the change claim that the new price, which replaced the previous rate of N835 per litre, went into effect on Sunday night.
The most recent cut is indicative of mounting pressure on state-owned stores as private companies, especially those supplied by the Dangote Refinery, drive down prices. NNPC stations continue to charge more for gasoline than some of their rivals in spite of the reduction.
Dangote supplied stations undercut NNPC
At MRS filling stations supplied by the Dangote Refinery, petrol was selling for N739 per litre, putting the price N79 below the NNPC rate. The gap has become a key talking point among motorists, many of whom are increasingly selective about where they buy fuel.
Market watchers say the pricing difference underscores the intensifying battle for market share in Nigeria fuel retail space following the gradual deregulation of petrol pricing.
This is not the first time NNPC has responded to competitive pressure in recent weeks. On December nineteen, twenty twenty five, the company announced a significant price reduction of about N80 per litre after the Dangote Refinery slashed its gantry price, triggering a wave of adjustments across the sector.
Although consumers are somewhat relieved by the most recent cut, analysts warn that price fluctuations may continue to occur frequently as operators adapt to supply costs, logistics, and market demand.
Industry participants predict that the current price war will likely continue in the near future, particularly as private operators’ refinery output rises and distribution networks spread across the country.
Regarding whether more cuts are anticipated, NNPC has not released a formal statement. However, industry officials predict that open market forces, rather than governmental regulations, will increasingly influence pricing decisions.
