NNPC Reduces Fuel Price Nationwide

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, at its retail outlets across Abuja and other key cities.

Effective Saturday, July 5, 2025, the price of petrol at NNPCL stations in the Federal Capital Territory dropped from N945 to N910 per litre—a N35 decrease. Daily Post correspondents confirmed the new pricing at NNPCL’s stations located along the Kubwa Expressway, Wuse Zone 4, and Zone 6, among other outlets in the capital.

This price adjustment by the state-owned oil giant follows a chain reaction triggered by the Dangote Petroleum Refinery’s recent decision to cut its ex-depot price of petrol from N880 to N840 per litre. The refinery, which commenced full-scale domestic supply operations earlier this year, cited a decline in global crude oil prices as the key reason for its revised pricing.

According to market analysts, the global Brent crude benchmark dipped to an average of $72 per barrel earlier this week, from around $79 in mid-June. This decline in international oil prices has had a cascading effect on downstream pricing in Nigeria’s deregulated fuel market.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) also confirmed that its members in Abuja have responded to the market trend by adjusting their pump prices to between N930 and N940 per litre, down from earlier prices of N945 to N975. In Lagos, IPMAN stations are now selling fuel at N890 per litre—down from as high as N925.

While some motorists welcomed the slight reduction, others expressed concerns that the price still remains high compared to pre-subsidy removal rates.

“It’s good to see a drop, but N910 per litre is still too much for the average Nigerian to afford on a daily basis,” said John Okonkwo, a taxi driver in Wuse, Abuja. “We need to see more significant reductions—especially now that our local refinery is producing.”

Meanwhile, oil industry stakeholders suggest that the price cut by NNPCL may serve as a strategic move to regain market competitiveness, especially as Dangote’s private-sector-driven refinery continues to exert pressure on the state-backed company’s market share.


This fuel price development also adds to the ongoing scrutiny of President Bola Tinubu’s economic reform agenda. Since the removal of fuel subsidies in 2023, petrol prices have been largely dictated by international crude oil benchmarks and foreign exchange volatility. Citizens have repeatedly urged the administration to do more to cushion the effects on the public.

Just last week, a coalition of civil society groups reportedly petitioned President Tinubu, criticizing NNPCL for its pricing strategy and alleged lack of transparency in fuel importation and distribution.


With Dangote Refinery’s increasing domestic supply expected to stabilize fuel availability, observers say further price adjustments may be seen in the coming weeks—particularly if global crude oil prices remain low and the naira gains strength in the forex market.

For now, however, Nigerians will be watching closely to see if this reduction is the start of a consistent trend or just a temporary drop in a market still characterized by volatility and inflationary pressures.