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Breaking: NNPCL Slashes Fuel Prices Again – Nigerians Rejoice

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3 months ago

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The Nigerian National Petroleum Company Limited (NNPCL) has lowered the pump price of Premium Motor Spirit (PMS), commonly known as petrol, for the second time in less than a week.....KINDLY READ THE FULL STORY HERE▶

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On Thursday, December 4, 2025, the state-owned oil company reduced its retail price by ₦10 per liter, bringing it down from ₦930 to ₦920 per liter at its filling stations in Abuja, including outlets in Gwarimpa, Kubwa Expressway, and Wuse Zone 4.

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This follows an earlier reduction of ₦15 per liter on November 28, 2025, reflecting a continuous downward trend at NNPCL retail points.

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The ongoing price cuts are largely driven by increasing competition in Nigeria’s deregulated downstream oil sector, particularly between NNPCL and the Dangote Petroleum Refinery.

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Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), told Daily Post that fuel prices are expected to continue declining as rivalry among key players intensifies.

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