BREAKING: NNPCL Slashes Petrol Price — Relief At The Pumps

The Nigerian National Petroleum Company Limited (NNPCL) has officially reduced the retail price of Premium Motor Spirit (PMS), commonly referred to as petrol or fuel.

the latest adjustment represents a ₦20 drop in the price per litre offered by the state-owned oil firm.

Following the price slash, NNPCL filling stations experienced a surge of motorists on Saturday, as consumers rushed to benefit from the new rate.

This reduction is part of the intensifying price competition in Nigeria’s downstream petroleum sector.

As reported by Daily Post, journalists who visited various fuel stations noted that MRS outlets and other Dangote Refinery affiliates are now dispensing petrol at ₦910 per litre.

Recall that Dangote Refinery had earlier announced a decrease in its ex-depot price to ₦835 per litre. Consequently, its distribution partners—including MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Techno Oil—have pegged their retail prices between ₦890 and ₦920 across major cities like Lagos and Abuja.

These developments have triggered significant fluctuations in petrol prices nationwide.

Currently, some filling stations are selling fuel at rates ranging from ₦930 to ₦950 per litre, depending on their location.