The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a fresh reduction in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, marking the second downward adjustment within a week.
A ₦5 decrease from the previous price of ₦895 has been implemented at several NNPC retail stations across the Federal Capital Territory, including outlets along Kubwa Expressway, Gwarimpa, and Wuse Zone 4, bringing the new price to ₦890 per litre.
Oyo State, NNPC outlets are now dispensing petrol at ₦875 per litre, according to confirmations by News Men.
The price slash is part of NNPC’s ongoing effort to cushion the impact of fuel costs on Nigerians amid volatility in global oil markets and refining supply chains.
Meanwhile, retail partners affiliated with Dangote Refinery — including AP Ardova, MRS, Bovas, and Optima — are offering slightly lower rates, selling at ₦885 per litre.
In a related development, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has renewed its push for a harmonised refined fuel pricing system across West Africa, to curb the importation of adulterated fuel and promote regional energy stability.
Speaking at the West African Refined Fuel Conference in Abuja, NMDPRA Chief Executive, Farouk Ahmed, said the proposed pricing structure would strengthen refining operations, boost maritime activity, and create jobs across the continent.
Also speaking at the event, Minister of Budget and National Planning, Senator Abubakar Atiku Bagudu, emphasized the importance of increased local refining capacity as a key driver for the government’s plan to achieve double-digit GDP growth, stressing that significant private sector investment will be essential.
The latest reduction signals NNPC’s continued response to market pressures and efforts to support affordability for Nigerian consumers.
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