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NNPCL Slashes Petrol Price Just 48 Hours After Hike

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In a surprising turn of events, the Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, at its retail outlets, just 48 hours after a price increase.

As of Wednesday morning, August 6, 2025, the price at several NNPCL stations in Abuja, including those in Gwarinpa, Kubwa Expressway, Wuse Zone 6, and Wuse Zone 4, has been reduced from ₦955 to ₦900 per litre.

A fuel attendant at an NNPCL outlet in Abuja confirmed the price adjustment, stating that the price on Tuesday was ₦955 per litre, but has now dropped to ₦900. This represents a ₦55 per litre decrease following Monday’s hike.

While NNPCL has taken the lead in reducing prices, some independent marketers have followed suit, albeit not as drastically. Ranoil and Empire Energy stations in Gwarinpa are now selling petrol at ₦955 and ₦950 per litre, respectively, down from ₦971 and ₦970. However, MRS filling stations have maintained their pump price at ₦885.

The earlier price increase had been attributed to a spike in ex-depot prices, particularly from Dangote Refinery and other private depots.

It remains to be seen whether NNPCL’s downward review will trigger a broader reduction across the country’s filling stations. Consumers continue to express concern over the unstable fuel pricing, which has further strained transportation and living costs nationwide.

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