NNPC Announces New Fuel Price for Abuja, Lagos, Shares Free Petrol to Customers
- The Nigerian National Petroleum Company (NNPC) Limited has adjusted the petrol price for Lagos and Abuja residents
- The new prices reflect a N15 reduction for Lagos and Abuja residents, with expectations for further reductions
- Dangote Refinery partners are also competing with NNPC by offering lower pump prices across the country
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigerians will pay less for petrol at filling stations operated by the Nigerian National Petroleum Company (NNPC) Limited, as the state-owned oil firm adjusts pump prices nationwide.
Source: Getty Images
A survey by Legit.ng revealed that NNPC filling stations in Lagos now sell petrol at N910 per litre, down from the previous price of N925 per litre.
A similar price adjustment was observed in other states, such as Abuja, where the price of one litre of petrol dropped from N950 to N935.
The price changes come amid a decision by the Dangote petroleum refinery to also slash ex-depot prices for marketers.
Dangote also instructed its partners, which include AP, MRS, Heyden, Optima Energy, and Tecno Oil.
Dangote partners' prices include:
- Lagos: N890 per litre, down from N920
- South-West: N900 per litre, down from N930
- North-West and North-Central: N910 per litre, reduced from N940
- South-East, South-South and North-East: N920 per litre, previously N950
NNPC shares free petrol to customers
Meanwhile, the NNPC has opened new filling stations in Abuja and Bauchi States, including some dedicated to Compressed Natural Gas (CNG).
In a statement released on X, NNPC said the two new filling stations are located on Airport Road, Abuja (opposite Shoprite), and Kano–Ningi Road in Bauchi State.
Source: Twitter
To celebrate the launch of the new stations, the oil company distributed free petrol to motorists, including bike riders, who each received five litres of fuel.
NNPC said:
"We are now closer to you! Our new station on Airport Road, Abuja (opposite Shoprite), is open. We care about your comfort, safety, and satisfaction.
"To say thank you, we gave away free fuel to customers who stopped by to purchase petroleum products, including over 200 bike riders who received 5 litres of free fuel.
"Stop by for your quality fuel and a smooth, enjoyable experience every time.
For Bauchi NNPC added:
"Hello, Bauchi! Our new station along Kano–Ningi Road was officially opened on April 17, 2025.
"To celebrate, we treated some of our first customers to free fuel as a thank-you for the warm welcome. Stop by for quality fuel, reliable service, and a smooth experience every time."
Price cuts could reshape oil sector, expert says
The recent multiple price reductions in petrol by the NNPC and Dangote Refinery signal a strategic shift with potential to reshape Nigeria’s downstream oil sector.
Speaking with Legit.ng, Wale Ogundeji, an energy analyst, said that these cuts come at a time when inflation, logistics costs, and energy expenses have significantly strained households and businesses.
He said:
"From an economic standpoint, the price drop—driven partly by the operational commencement of the Dangote Refinery—offers immediate relief to consumers and is likely to trigger a ripple effect across the economy.
"Lower petrol prices reduce transportation and production costs, which could moderate inflationary pressures in the short term. For manufacturers, cheaper fuel translates to lower overheads, possibly encouraging more competitive pricing of goods and services."
Ogundeji said the move boosts Nigeria’s refining capacity, reduces reliance on fuel imports, supports energy self-sufficiency, and introduces new pricing competition in the market.
He said:
"Strategically, this move enhances the refining capacity within Nigeria, reducing dependence on imported fuel. This aligns with the federal government’s long-term objective of achieving energy self-sufficiency and conserving foreign exchange.
"However, it also introduces new dynamics to the market, particularly around pricing competition between NNPC, Dangote, and potentially other modular refineries.
"That said, the sustainability of these price reductions remains a key concern. Global crude oil prices, exchange rates, and government policy directions—particularly in subsidy-related decisions—will influence how long consumers can enjoy these benefits."
Furthermore, regulators must ensure a level playing field and prevent monopolistic practices in the sector.
He reiterated that these reductions mark a positive shift for consumers and industry as their long-term impact will depend on continued investment in local refining capacity, policy consistency, and market transparency.
S&P Global says Dangote fuel remains pricey
Earlier, Legit.ng reported that S&P Global, an American financial analytics company, disclosed in its recent report that Dangote’s price reduction was not significant enough relative to the global crash in crude prices.
It noted that the refinery did not lower its gantry prices enough, and the importation of petrol remains very attractive.
The mega refinery has reduced petrol and other petroleum product prices several times, creating a price war with industry leaders.
This article has been updated by head of business desk, Victor Enengedi, with additional information.
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Source: Legit.ng
