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- NNPC reduced petrol prices crossed filling stations, with petrol present selling for N885 per litre astatine NNPC stations
- This marks a important alteration from the erstwhile day's terms of N910 per litre successful Abuja
- At different stations successful the capital, petrol is present priced astatine N935 per litre successful areas similar Lugbe and Airport Road
Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
The Nigerian National Petroleum Company Limited (NNPC) has further slashed petrol prices crossed filling stations.
Source: Getty Images
As of Monday evening, Legit.ng observed that petrol present sells for N885 per litre astatine NNPC filling stations successful Lagos. This is simply a important simplification from the magnitude it sold the erstwhile day.
Recall that according to reports, NNPC retail stations sold the merchandise for arsenic debased arsenic N910 per litre in the nation’s superior arsenic of Sunday, July 6, 2025.
The improvement means that petrol is present N35 cheaper successful Abuja than the erstwhile complaint of N945 per litre.
TheCable reports that astatine different filling stations successful Abuja, PMS present sells astatine N935 per litre successful Lugbe and Airport Road.
NNPC follows Dangote’s steps
The caller terms cuts by the authorities lipid steadfast travel amid a akin measurement by Dangote Refinery, which reduced its ex-depot prices from N880 to N840 per litre pursuing the driblet successful crude lipid prices.
The mega refinery disclosed successful a connection signed by its Chief Branding and Communications Officer, Anthony Chiejine, that the caller terms became effectual connected Monday, June 30, 2025.
Experts person said that with petrol prices changing regularly, manufacture players are readying a acme to found a pricing framework.
Meanwhile, Sunbeth Energies Limited says it has inked a woody with Dangote Refinery to acquisition and merchantability its petroleum products nationwide.
The institution disclosed this successful a connection connected Sunday, July 6, 2025, stating that the milestone makes it 1 of the fewer downstream players to unafraid specified a partnership.
According to the firm, the woody positions it among the astir reliable vigor distributors successful Nigeria, marking a important leap for the steadfast successful conscionable nether 2 years, indicating some operational and fiscal credibility and a semipermanent goal.
Source: UGC
It revealed that it is gathering a beardown and responsive proviso concatenation for the aboriginal that delivers with consistency and trust, and serves industries and communities nationwide.
Marketers springiness existent petrol outgo
Legit.ng reported that successful effect to accrued agitation from autarkic marketers for terms control, the Federal Government has scheduled a nationwide stakeholder lawsuit for July 23 and 24, 2025, to code increasing concerns astir gasoline pricing and proviso dynamics successful the downstream sector.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is organising the summit, expected to bring unneurotic authorities representatives, refiners, marketers, and manufacture operators to sermon feedstock sufficiency, petroleum pricing standards, and stabilisation tactics successful the deregulated market.
Francis Ogaree, the NMDPRA's Executive Director of Hydrocarbon Processing Plants, Installation, and Transportation Infrastructure, announced the acme and its dates during the precocious concluded 24th Nigeria Oil and Gas Energy Week successful Abuja.
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Source: Legit.ng
