The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, at its retail outlets in Abuja and surrounding areas.
A market survey conducted on Wednesday, November 4, 2026, showed that NNPCL filling stations have adjusted the price downward to ₦1,325 per litre. This represents a reduction of between ₦45 and ₦80 per litre from the previous range of ₦1,370 to ₦1,405 per litre.
The new rate has taken effect at NNPCL stations in locations including Gwarimpa and along the Kubwa Expressway in the Federal Capital Territory. A fuel attendant at one of the outlets, who spoke on condition of anonymity, confirmed the change, stating that the price was adjusted downward in the afternoon.
Link to Dangote Refinery Price Cut
The development comes shortly after the Dangote Petroleum Refinery reduced its petrol gantry (ex-depot) price to ₦1,215 per litre. The refinery’s earlier cut, reported around late October/early November 2026, was expected to trigger broader downward adjustments across the downstream sector as marketers receive supplies at the lower wholesale rate.
Industry observers and marketers had anticipated that retail prices, including those at NNPCL and other major outlets such as MRS, would ease once product purchased at the revised Dangote rate entered the market. The Independent Petroleum Marketers Association of Nigeria (IPMAN) had earlier indicated that members would review pump prices upon receiving the cheaper product.
Market Context
Petrol prices in Nigeria remain influenced by a mix of factors, including global crude oil benchmarks, exchange rate movements, logistics costs, and competition from domestic refining, particularly from the Dangote Refinery, which has become a major supplier of locally refined PMS. Depot prices and retail rates have shown volatility in recent weeks, with independent depots and other marketers also adjusting rates in response to the refinery’s moves.
While the NNPCL reduction offers some relief to motorists in Abuja, actual prices at private filling stations across the country may vary depending on location, stock levels, and individual operator margins. Consumers are advised to check local stations for the most current rates.
NNPCL and other marketers are expected to continue monitoring market conditions, with further adjustments possible as supply dynamics and international oil prices evolve.
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