The Nigerian downstream petroleum market has recorded another round of price adjustments as the Nigerian National Petroleum Company Limited reduced its premium motor spirit (petrol) price at retail outlets across Abuja.
A market survey conducted on Tuesday morning showed that the company’s filling stations in the capital and surrounding areas now sell petrol at N1,260 per litre, down from N1,335. The adjustment represents a reduction of N75 per litre, reflecting fresh shifts in the fuel supply and pricing structure.
The new price regime has already taken effect in several major NNPCL retail locations, including stations along Kubwa Expressway, Wuse Zone 6 (Berger), and Zone 4 in Abuja, where motorists were observed purchasing fuel at the revised rate as of the time of reporting.
The latest adjustment comes just days after the Dangote Petroleum Refinery reduced its petrol gantry price to N1,175 per litre on June 16. That change has continued to influence downstream pricing, as marketers and retailers respond to shifting ex-depot costs and broader market competition.
Following the refinery’s adjustment, several independent marketers also revised their pump prices downward. Reports indicated that outlets such as MRS and other filling stations across Abuja have been selling petrol within the range of N1,241 to N1,300 per litre in recent days.
The ongoing price movements reflect a more dynamic fuel market environment in Nigeria, where retail pump prices are increasingly reacting to upstream pricing decisions and fluctuations in crude oil benchmarks.
For many motorists in Abuja, the latest reduction offers modest relief, even as fuel prices remain significantly higher than levels seen in previous years.