The Nigerian National Petroleum Company Limited has reduced the pump price of Premium Motor Spirit, also known as petrol, at its retail outlets, lowering the price to N815 per litre in Abuja.

The PUNCH correspondent, who monitored filling stations across the Federal Capital Territory on Monday, observed that the new price represents a N20 reduction from the previous rate of N835 per litre sold at NNPC outlets.

The revised price was implemented at NNPC filling stations located at Lugbe, Wuse Zones 4 and 6, along the Keffi–Abuja Road, as well as on the Kubwa Expressway.

Despite the latest reduction, NNPC’s pump price remains N79 higher than the N739 per litre currently sold at Dangote Refinery-backed MRS filling stations nationwide. Checks by our correspondent showed wide price disparities across retail outlets in Abuja on Monday.

While Matrix stations sold petrol at N840 per litre, Sunlight outlets dispensed the product at N825. Optima Energy sold at N835, while some NNPC stations, including those around Lugbe and the retail outlet opposite Shoprite, reflected the N815 price.

In contrast, MRS stations maintained the lowest price at N739 per litre.

The latest price cut comes amid intensified competition in Nigeria’s downstream oil sector, following the commencement of large-scale petrol supply from the Dangote Petroleum Refinery.

Recall that on December 19, 2025, NNPC slashed its petrol price by N80, from N915 to N835 per litre, in response to a price war triggered by Dangote Refinery’s reduction of its gantry price to N699 per litre.

On December 12, 2025, Dangote refinery reduced its ex-gantry petrol price to N699 per litre, down from N828, representing the lowest price in about two years. The ongoing price adjustments reflect the early effects of deregulation and increased domestic refining capacity, with marketers forced to respond to competitive pressures rather than regulated pricing.

However, consumers continue to grapple with price volatility, while independent marketers have raised concerns over shrinking margins and uneven access to competitively priced supply.

The Federal Government has repeatedly maintained that pricing will be determined by market forces, even as Nigerians closely watch how far prices may fall as supply from local refineries stabilises.