NNPC Lowers Petrol Prices to N1,325 Amid Market Changes
The Nigerian National Petroleum Company (NNPC) Limited has announced new pump prices for petrol, reducing the price to N1,325 per litre after a N25 decrease in the ex-gantry price for Premium Motor Spirit (PMS). This adjustment follows a previous increase by Dangote Refinery, which raised its petrol price by N85 on September 12, 2026, from N1,265 to N1,350.
Despite the recent reduction, the current price remains N60 higher than before the September increase. Prices vary significantly across different locations, with motorists in Lagos paying N1,385 per litre and those in Abuja paying N1,430.
Other regional prices include N1,447 in the north, N1,452 in Borno, and N1,410 in both Kaduna and Katsina. The Major Energies Marketers Association of Nigeria (MEMAN) has reported that importation prices for petroleum products remain high compared to domestic refinery prices.
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