Nigerian National Petroleum Company Limited, NNPCL, has reduced its retail price of Premium Motor Spirit.
The Eastern Updates correspondent observed on Saturday that NNPCL retail outlets along Kubwa Express Way, Zone 4 Abuja, and Gudu, all in the Federal Capital Territory, have adjusted their fuel pump price to N910 per litre from N935.
This showed that the state-owned firm reviewed its petrol price downwards by N20.
The Eastern Updates reports the fresh price drop in NNPCL retail prices has resulted in motorists trooping to NNPCL filling stations as of Saturday.
Read Also: Fuel Price: Why We’ll Dump Dangote Refinery For NNPC – PETROAN
The latest price drop by NNPCL retail outlets is the latest outcome 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.
The Eastern Updates recalls 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, will sell petrol at N890 to N920 in Lagos, Abuja, and other parts of the country.
The development caused price disruption in the country’s petroleum downstream sector.
The Eastern Updates reports that 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.
The Petroleum Products Retail Outlet Owners Association of Nigeria has explained that it members will not hesitate to dump Dangote Refinery for alternatives over its latest move to sale petroleum products in Dollar.
The National President of PETROAN, Billy Gillis-Harry disclosed this to Newsmen on Thursday.
He was reacting to Dangote Refinery’s decision to halt the sales of petroleum products in Naira.