The NNPCL petrol price reduction in Lagos and Abuja has brought some relief to motorists as the Nigerian National Petroleum Company Limited (NNPCL) lowered petrol prices at some of its filling stations.
The reduction followed a ₦25 per litre cut in Dangote Refinery’s petrol gantry price, which dropped from ₦1,350 to ₦1,325 per litre. However, the new NNPCL prices are not the same at every filling station.
NNPCL Petrol Price in Lagos
In Lagos, some NNPCL filling stations have reduced their petrol price from ₦1,385 to ₦1,370 per litre.
This represents a reduction of ₦15 per litre for motorists buying petrol at the affected outlets. However, prices may vary at other filling stations depending on location and operating costs.
NNPCL Petrol Price in Abuja
In Abuja, some NNPCL stations have reduced their petrol price from ₦1,430 to ₦1,405 per litre, representing a ₦25 reduction per litre.
Reports also show that some NNPCL outlets in areas such as Kubwa Expressway, Air Junction and Wuse Zones 4 and 5 were still selling petrol at around ₦1,395 per litre.
Why Did NNPCL Reduce Petrol Price?
The latest reduction came after Dangote Refinery lowered its petrol gantry price by ₦25 per litre. Changes in refinery and wholesale prices can influence what marketers eventually charge at their filling stations.
However, the reduction has not been applied uniformly across all filling stations, meaning motorists may still find different petrol prices within the same city.
Current Petrol Prices in Lagos and Abuja
Based on the latest reports, some NNPCL stations are selling petrol at approximately:
- Lagos: ₦1,370 per litre at selected NNPCL outlets
- Abuja: ₦1,405 per litre at selected NNPCL outlets
- Some Abuja outlets: About ₦1,395 per litre
Motorists should check the price displayed at their local filling station because petrol prices can vary from one location to another.
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The NNPCL petrol price reduction in Lagos and Abuja is a welcome development for motorists, although the reduction is currently not uniform across all filling stations.
Further changes could depend on refinery prices, crude oil prices and conditions in Nigeria’s downstream petroleum market.
