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- The Nigerian National Petroleum Company Limited (NNPC) has chopped its petrol prices successful Abuja, Nigeria’s capital
- Findings amusement that NNPC’s petrol terms is present N35 cheaper compared to the erstwhile complaint of N945 per litre it sold the product
- The caller terms comes amid a terms slash by Dangote Refinery connected June 30, 2025, pursuing a driblet successful planetary crude lipid prices
Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the system for implicit a decade.
The Nigerian National Petroleum Company Limited (NNPC) has slashed its petrol prices successful Abuja.
According to reports, NNPC retail stations sold the merchandise for arsenic debased arsenic N910 per litre successful the nation’s superior arsenic of Sunday, July 6, 2025.
Source: Getty Images
NNPC slashes petrol terms by N35 per litre
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.
New petrol price: 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.
FG plans petrol pricing summit
Francis Ogaree, a unit subordinate astatine the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said the gathering is acceptable for July 23rd and 24th this year, and volition tackle concerns astir proviso challenges successful the lipid industry.
He disclosed that the acme volition stitchery marketers, refiners, operators, and authorities officials to sermon pricing standards, earthy worldly availability, and however to stabilise the deregulated market.
Marketers chopped petrol prices beneath Dangote’s rate
A anterior study by Legit.ng disclosed that respective filling stations person cut petrol prices below N900 per litre, days aft Dangote Refinery slashed its ex-depot terms by N40.
Many filling stations successful Lagos and Ogun states present merchantability petrol astatine N875 and N890 per litre.
However, immoderate petrol stations inactive sold the merchandise supra N900 per litre arsenic of Sunday, July 6, 2025.
MRS Oil dropped its petrol pump terms to N885 per litre successful Lagos past week.
Mixed prices astatine the pumps: Which is cheaper?
In the South-West, petrol prices would beryllium N895 per litre, N905 successful the North-West and North-Central, and N915 successful the South-South, South-East and North-East.
A anterior study by Legit.ng showed that Dangote reduced its gantry terms from N880 to N840 per litre connected Monday, June 30, 2025.
IPMAN drops nationwide substance prices
Shortly aft the terms slash, the Independent Petroleum Marketers Association of Nigeria (IPMAN) announced a nationwide terms cut successful enactment with Dangote’s terms reduction.
However, the mega refinery raised petrol prices to N880 from N825 per litre during the Middle East hostility betwixt Israel and Iran, which resulted successful a 12-day war.
The struggle sparked a crude lipid terms increase, with planetary benchmarks hitting astir $80 per barrel.
Source: Getty Images
Punch reports that contempt Dangote’s terms slash, immoderate marketers refused to little their prices, retailing PMS astatine astir N925 to N960 per litre.
Punch reports that passim past week, immoderate Dangote spouse stations, the Nigerian National Petroleum Company Limited (NNPC) retail outlets sold petrol astatine higher prices.
New prices look astatine depots
Findings showed that arsenic of Sunday, July 6, 2025, depot owners person reduced their prices beneath Dangote’s rate.
According to reports, respective depots adjusted their prices from N920 per litre to N840.
Data from Petroleumpriceng shows that successful Lagos, Rainoil, Matrix, Pinnacle, Swift, and Wosbab sold petrol astatine N840, portion Aiteo sold astatine N837, and First Royal and Menj sold PMS astatine N838 per litre.
NIPCO and Satellite sold the merchandise astatine N844, and Integrated Energy sold it astatine N839.
The study disclosed that connected the Lagos-Ibadan Expressway, PMS prices ranged from N875 to N910 per litre arsenic of Sunday, July 6, 2025.
As-Sallam sold its PMS astatine N875, AP astatine N880, and RainOil astatine N910, portion SGR and NIPCO sold their products astatine N880 and N900, respectively.
Sunbeth Energy joins Dangote's substance sellers
Legit.ng earlier reported that 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.
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Source: Legit.ng
