N1,255: NNPC Slashes Petrol Prices, Releases New Rates for Abuja, Lagos, Other states
- Following Dangote Refinery’s decision, NNPC has reduced petrol prices nationwide
- The price cut offers relief to Nigerians, but it may be temporary as crude oil prices change
- Rising crude oil prices could trigger another increase in petrol costs across the country soon
Legit.ng journalist Dave Ibemere has experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and broader market trends.
Nigerian National Petroleum Company Limited (NNPCL) retail outlets have reduced their Premium Motor Spirit (PMS), also known as petrol.
The changes come three days after Dangote Refinery reduced its petrol gantry price by N85 to N1,200 per litre from N1,285.
Source: Getty Images
New petrol prices at NNPC filling stations
Checks by Legit.ng show that petrol is now selling at N1,255 per litre, down from N1,330, representing a reduction of N75.
While the state-owned oil firm’s filling stations in Abuja reduced their prices to N1,295 per litre from N1,361, this means that NNPCL retail outlets cut petrol prices by N71 per litre in Abuja.
A pump attendant, Kunle Ademola, at Egbeda area of Lagos, confirmed that there is a price reduction.
He said:
"Petrol prices was slashed over the weeekends to N1,255 and it is the same in almost all outlets."
Further check by Legit.ng showed that there are new prices across the country,
Here is an insight into broader new petrol prices in different states as of April 1, 2026
- Lagos - N1,255
- Abuja - N1,295
- Anambra - N1,260
- Akwa Ibom - N1280
- Bauchi - N1335
- Osun - N1,280
- Delta -N1,290
Source: Twitter
Oil price raises concerns of another increase
Meanwhile, the rising oil prices have raised fears that petrol prices could rise at filling stations in Nigeria.
Petroluemprice.ng reports that crude oil price surged to $118, closer to $120 per barrel and speculates that Dangote Refinery could increase petrol prices.
A source quoted said:
"We are watching the market, and once the movement is sustained, price will most likely move."
Industry insiders say marketers have started suspending sales ahead of a possible price change to avoid losses.
This cautious approach follows signals that the refinery was monitoring global market trends before making a pricing decision.
The slowdown in depot activity, especially in Lagos, highlights rising uncertainty, with many traders unwilling to sell at current prices.
If Dangote goes ahead and adjusts prices, it is likely to set the tone for new petrol prices at filling stations nationwide.
Nigerians are spending less on train transportation
Legit.ng earlier reported that despite rising petrol prices, Nigerians are using the train less according to new data from the National Bureau of Statitics.
The report also showed that the number of passengers carried by rail declined by 9.32% to 940,476 in Q4 2025, down from 1,037,113 in the same period of 2024.
Total revenue collected from passengers during the period stood at N1.6 billion, representing a 16.3% drop from the N1.92 billion recorded in the corresponding quarter of 2024.
Proofreading by James Ojo, copy editor at Legit.ng.
Source: Legit.ng
