Nigerians Rush To Buy Petrol as NNPC Announces New Prices After N66 Discount
- Motorists in Abeokuta, Ogun State, welcomed NNPC's petrol price cut and urged the government to reduce prices further
- An NNPC Mega Station manager confirmed the drop from N1,380 to N1,355 per litre, with an additional N66 discount for app users
- Petrol prices across Nigerian states vary, with Lagos and Rivers recording the lowest listed prices and Yobe the highest
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Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Nigerians have begun buying petrol at lower prices at Nigerian National Petroleum Company Limited (NNPC Ltd) filling stations after the Federal Government introduced a 30-day fuel price relief measure at NNPC retail outlets nationwide.
In Abeokuta, Ogun State, motorists welcomed the development, with slight queues observed at some NNPC stations.
Commercial tricycle operators in the city said cheaper fuel could help reduce transport costs and the prices of food and other essential goods.
Source: Getty Images
Afeez Solaja, a tricycle operator in the Ita Eko area of Abeokuta, said:
“Yes, it's good news for us. We can see that the fuel price at NNPC stations is reducing gradually, but we believe that the government can reduce it further to the barest minimum.”
Another operator, Abiodun Ojerinde, also welcomed the reduction, noting that commuters had been struggling with high transport fares.
He urged the government to find a lasting solution to rising fuel prices, the Nation reports.
NNPC's new prices and app discount
A manager at the NNPC Mega Station opposite Obasanjo Hilltop in Abeokuta, who requested anonymity, confirmed that the pump price had dropped from N1,380 to N1,355 per litre.
The manager said customers who pay through the NNPC app could receive an additional N66 discount per litre.
“Even with the reduced price of N1,355, there is still a N66 discount for customers who use our app to make their payment,” the manager said.
The station had also started informing customers about the new prices, adding that many motorists were already aware of the government's directive.
Petrol prices across Nigerian states
Petrol prices at NNPC outlets vary across the country, reflecting differences in location and distribution costs.
Lagos and Rivers recorded the lowest listed prices at N1,355 per litre, while Yobe had the highest at N1,435 per litre.
Commercial drivers who buy petrol regularly could benefit from the app-based discount, although whether the savings will translate into lower transport fares depends on individual operators' pricing decisions.
Source: Getty Images
The government's 30-day intervention is intended to provide temporary relief from rising fuel costs, while motorists continue to monitor petrol prices at NNPC retail outlets nationwide.
State or location | Pump price per litre | Price after discount |
Lagos | N1,355 | N1,289 |
Rivers | N1,355 | N1,289 |
Osun | N1,358 | N1,292 |
Akwa Ibom | N1,360 | N1,294 |
Ogun | N1,367 | N1,301 |
Oyo | N1,367 | N1,301 |
Abia | N1,370 | N1,304 |
Abuja | N1,370 | N1,304 |
Anambra | N1,372 | N1,306 |
Enugu | N1,372 | N1,306 |
Imo | N1,372 | N1,306 |
Ebonyi | N1,375 | N1,309 |
Kwara | N1,375 | N1,309 |
Ekiti | N1,377 | N1,311 |
Ondo | N1,377 | N1,311 |
Delta | N1,379 | N1,313 |
Bayelsa | N1,380 | N1,314 |
Edo | N1,380 | N1,314 |
Bauchi | N1,385 | N1,319 |
Kano | N1,385 | N1,319 |
Cross River | N1,390 | N1,324 |
Kogi | N1,390 | N1,324 |
Kaduna | N1,400 | N1,334 |
Benue | N1,410 | N1,344 |
Zamfara | N1,414 | N1,348 |
Adamawa | N1,420 | N1,354 |
Jigawa | N1,420 | N1,354 |
Kebbi | N1,420 | N1,354 |
Plateau | N1,420 | N1,354 |
Taraba | N1,420 | N1,354 |
Borno | N1,430 | N1,364 |
Gombe | N1,430 | N1,364 |
Nasarawa | N1,430 | N1,364 |
Sokoto | N1,430 | N1,364 |
Niger | N1,433 | N1,367 |
Yobe | N1,435 | N1,369 |
Petrol prices drop at depots
Earlier, Legit.ng reported that petrol prices in Calabar and Port Harcourt fell below Dangote Petroleum Refinery’s ex-gantry price as depot owners competed for buyers amid improved fuel supply.
In Calabar, some depots offered petrol at between N1,303 and N1,310 per litre, below the refinery’s N1,325-per-litre rate.
The price gap reflected growing competition among fuel suppliers in the two cities.
Source: Legit.ng
