Nigerian National Petroleum Company Limited, NNPCL, has reduced its retail price of Premium Motor Spirit.
On Saturday, NNPCL retail outlets on Kubwa Expressway, Zone 4 Abuja, and Gudu, all in the Federal Capital Territory, adjusted their fuel pump price to N910 per litre from N935.
Fresh price drop in NNPC retail prices saw motorists throng NNPC filling stations on Saturday.
The latest price drop by NNPC retail outlets is the fallout of the ongoing “price war” in the downstream sector of the petroleum industry.
MRS filling stations and other Dangote Refinery partners currently sell petrol for N910 per litre.
Recall that Dangote Refinery announced a drop in its petrol ex-depot price to N835 per litre.
Thereafter, the 650,000-barrel refinery announced that its partners, including MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Techno Oil, would sell petrol at N890 to N920 in Lagos, Abuja, and other parts of the country.
The development caused price disruptions in the country’s petroleum downstream sector.
Other filling stations sell petrol between N930 and N950 per litre, depending on the location.
On April 20, 2025, NNPCL reviewed its petrol retail price downwards to N935 per litre.
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