Abuja — The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, at several of its retail outlets in Abuja and surrounding areas, offering modest relief to motorists in the Federal Capital Territory.
A market survey conducted on Sunday showed that NNPCL stations in Gwarimpa, Kubwa, and other parts of Abuja and its environs adjusted their petrol prices downward to ₦1,405 per litre from the previous ₦1,430 per litre. This represents a reduction of ₦25 per litre at the affected outlets.
However, prices were not uniform across all NNPCL stations. Outlets along the Kubwa Expressway, Air Junction, and in Wuse Zones 4 and 5 continued selling petrol at ₦1,395 per litre. The variation means NNPCL customers in the FCT could pay up to ₦10 more per litre depending on the specific location of the station.
Other major marketers in Abuja were dispensing petrol at rates ranging between ₦1,395 and ₦1,430 per litre at the time of the checks. Stations operated by MRS, Ranoil, AA Rano, and Empire Energy fell within this band.
The latest adjustment by NNPCL follows a recent cut by the Dangote Petroleum Refinery, which last week reduced its gantry (ex-depot) price of petrol by ₦25 per litre to ₦1,325. Despite the lower landing cost for marketers, many retail outlets have been slow to fully pass on the savings to consumers.
The price movements come against the backdrop of softening international crude oil prices. West Texas Intermediate (WTI) was trading around $92 per barrel, while Brent crude stood near $104 per barrel. Industry observers note that further reductions at the pump could follow if global oil prices continue to ease and competition intensifies in Nigeria’s deregulated downstream petroleum market.
Nigerians have continued to call for deeper cuts in fuel prices, citing the high cost of living and the impact of elevated energy costs on transportation and household budgets. Independent Petroleum Marketers Association of Nigeria (IPMAN) officials have indicated that marketers will continue adjusting prices in line with prevailing market conditions, though some operators face challenges related to higher-cost inventory purchased earlier.
The downstream sector has experienced frequent price fluctuations throughout 2025 and 2026, driven by global crude oil volatility, exchange rate movements, domestic refining dynamics—particularly from the Dangote Refinery—and competitive responses among major marketers including NNPCL.
Motorists in Abuja are advised to check prices at individual stations, as rates can vary by location and operator. Further adjustments remain possible in the coming days as the market responds to supply costs and competitive pressures.
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