Nigeria’s state oil firm, NNPC Limited, has reduced the pump price of petrol to ₦835 per litre across its retail outlets, responding to changing conditions in the downstream market.
The price cut took effect this week at NNPC filling stations nationwide, coming as competition intensifies following increased supply from the Dangote Refinery and other market players.
The decision affects motorists and households across the country, many of whom have struggled with high transport and living costs linked to fuel prices in recent months.
The adjustment followed growing pressure in the fuel market, where locally refined petrol from the Dangote facility has begun to influence pricing and supply dynamics.
NNPC moved to stay competitive and retain market share, as cheaper or more stable supply options from private refiners reshape the sector after years of import dependence.
Industry observers say the new price signals a more competitive fuel market, with Nigerians likely to see further changes as local refining expands and price rivalry deepens.


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