- NNPC petrol prices in Abuja have dropped to N815 per litre, providing relief for motorists amid downstream volatility.
- The adjustments, together with consistent refinery supply, may stabilise fuel costs across Nigeria in the coming months.
The Nigerian National Petroleum Company (NNPC) Limited announced a downward review of petrol prices at select retail outlets, offering motorists modest relief amid persistent volatility in the downstream oil sector. In Abuja, the pump price of Premium Motor Spirit (PMS) fell by N20, from N835 to N815 per litre. NNPC implemented the new pricing nationwide, coinciding with increased supplies from Dangote Refinery.
A visit to several NNPC stations on Monday showed that the new prices had taken effect in the Federal Capital Territory. At the Lugbe branch, attendants sold petrol at N815 per litre, following the revised pricing template.
The situation differs in Lagos. Observers reported that petrol prices remained unchanged across the commercial capital. For example, at the Apple Junction station in Festac Town, attendants sold petrol at N785 per litre. The disparity between Abuja and Lagos reflects logistical challenges, supply considerations, and regional distribution costs. Analysts note that such variations have become more frequent in the downstream sector.
NNPC’s latest adjustment follows a rise in ex-depot petrol prices set by private depot owners in key locations. This increase has alarmed retailers and consumers, who fear another round of price hikes. Joseph Obele, national public relations officer of the Petroleum Products Retail Outlets Owners Association of Nigeria, warned that pricing stability may prove short-lived. He added that supply-side uncertainties could drive prices higher if stakeholders do not manage the market carefully.
Meanwhile, reports of a planned shutdown at Dangote Petroleum Refinery increased market anxiety. Some marketers anticipated a tighter supply, which contributed to higher depot prices. However, a source familiar with the refinery confirmed that production continues as usual. The refinery delivered approximately 43 million litres of petrol across Nigeria in a single day, boosting nationwide availability.
Earlier, on 12 December 2025, Dangote reduced its ex-gantry petrol price to N699 per litre from N828. This marked the lowest level in nearly two years. The combination of increased local refining capacity and targeted NNPC petrol prices adjustments encourages cautious optimism among consumers.
While regional price differences persist, domestic refinery output and active market management could play a key role in moderating petrol prices and maintaining a steady supply at filling stations.