Unleash the Cost Savings: NNPCL Cuts Petrol Price Down to ₦910 per Litre!
Reduction in the Price of Petrol per Liter by NNPCL
Looking to save some bucks on fuel? Great news! The Nigerian National Petroleum Company Limited (NNPCL) has slashed its retail price for Premium Motor Spirit (PMS), otherwise known as petrol or fuel. Our trusted source dishes that this reduction amounts to a ₦20 decrease in the state-owned company's petrol pricing.
Swirling around the city have been snaking lines at NNPCL filling stations since Saturday, indicating an influx of motorists eager to seize the opportunity to fill their tanks. This price plunge is a direct consequence of the fierce competitive pricing strategies unraveling within the downstream sector of Nigeria's petroleum industry.
To shed some light, when reporters swung by some of the petrol stations, they discovered that MRS filling stations and partners of the Dangote Refinery were also offering petrol for a mere ₦910 per litre. Fascinatingly, Dangote Refinery declared a slash in its petrol ex-depot price to ₦835 per litre, with its partners — such as MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Techno Oil — following suit, selling petrol within the range of ₦890 to ₦920 in cities like Lagos, Abuja, and other regions across the nation.
As a result, the petroleum downstream sector of the country has experienced a rollercoaster ride of price fluctuations. Nevertheless, other filling stations have been hanging the price sign at ₦930 to ₦950 per litre, contingent upon their location.
Previously, the NNPCL adjusted its petrol retail price to ₦935 per litre on April 20, 2025.
Curious to know more?
- Can't get enough of the petrol price shenanigans? Check out the latest comparison of petrol prices across Nigeria (May 2025):
- NNPCL: ₦910 per litre[1][2][5] (previously ₦935).
- Dangote Refinery Partners (MRS, Ardova, Heyden, etc.): ₦890–₦920 per litre, with many at ₦910[2][5].
- Other Filling Stations: ₦930–₦950 per litre, depending on location[2][5].
- Ready to dive deeper into the nitty-gritty? Learn about the overall market dynamics, recent changes, and the context surrounding the current competition.
- The Nigerian National Petroleum Company Limited (NNPCL) is known for its impact on various parts of the country, especially with its recent decision to cut the price of petrol to ₦910 per litre.
- In the wake of the NNPCL's price adjustment, other players in the industry, like MRS filling stations and partners of the Dangote Refinery, have also reduced their petrol prices.
- The Dangote Refinery, for instance, announced a reduction in its petrol ex-depot price to ₦835 per litre, with partners such as MRS, AP, Heyden, Optima Energy, Hyde, and Techno Oil following suit.
- The prices offered by Dangote Refinery partners range from ₦890 to ₦920 in cities like Lagos, Abuja, and other regions across the nation.
- Interestingly, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, was recently in Abuja discussing the role of the commission in the nation's finance and energy sector amidst these price fluctuations.
- While one can save some significant money with these competitive prices, it is essential to consider the overall market dynamics and the context surrounding the current competition.
- With the upcoming elections in Nigeria, political parties like the APC and PDP have voiced their plans to invest in the energy sector, potentially impacting the prices and accessibility of petroleum products in the future.
