The Nigerian National Petroleum Company Limited (NNPCL) has reduced the price of premium motor spirit (petrol) from N895 to N890 per litre, marking the second price cut in just one week.
NNPCL made the adjustment at its filling stations across Abuja, including those along Kubwa Expressway, Gwarimpa, and Wuse Zone 4, where petrol is now being sold at the new rate.
Private retailers linked to Dangote Refinery—including AP Ardova, Optima, MRS, and Bovas—are offering slightly lower prices at N885 per litre.
This latest move is part of ongoing efforts to ease the burden of high fuel costs on Nigerians.
Meanwhile, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is calling for a standard fuel price across West Africa to stop the importation of poor-quality petrol.
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Speaking at the West African Refined Fuel Conference in Abuja, NMDPRA Chief Executive Farouk Ahmed said a unified price will improve fuel quality and boost refining across the continent.
“There are a lot of activities that will follow this, including employment, economic empowerment, and economic independence for Nigeria and the rest of West Africa,” Ahmed said.
Also speaking at the event, the Minister of Budget and National Planning, Senator Abubakar Atiku Bagudu, said Nigeria must improve its refining capacity to meet its goal of double-digit GDP growth.
“This will not be possible unless investors put more money into Nigeria’s oil and gas sector,” he added.