NNPCL Cuts Petrol Price to N815 per Litre in Abuja

The Nigerian National Petroleum Company Limited NNPCL, has again reduced the pump price of premium motor spirit, bringing relief to motorists in the Federal Capital Territory.

Checks on Monday morning showed that petrol is now selling for N815 per litre at NNPCL retail outlets in Abuja, down from the previous price of N835 per litre. The N20 reduction was already reflected at several company-owned filling stations across the city.

The latest adjustment comes amid ongoing changes in Nigeria’s downstream oil sector following fuel subsidy removal and market-driven pricing. While NNPCL has not issued an official statement explaining the price drop, industry watchers link the reduction to recent movements in crude oil prices, foreign exchange dynamics, and distribution costs.

Motorists welcomed the development, describing it as a modest but positive step at a time when fuel costs continue to strain household budgets and business operations. However, many expressed cautious optimism, noting that petrol prices have fluctuated frequently in recent months.

It remains unclear whether the new price will be implemented uniformly across other states or if further adjustments should be expected in the coming days. Fuel prices currently vary across the country, depending on location, logistics, and marketer pricing strategies.

NNPCL, which operates both as a national oil company and a major player in fuel retailing, has adjusted petrol prices several times since the deregulation of the sector, often setting the tone for broader market movements.

For now, Abuja motorists are paying slightly less at the pump, even as Nigerians continue to watch closely for more stable pricing in the weeks ahead.