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NNPCL Reduces Fuel Price as Dangote Refinery, Depot Owners Slash Ex-Depot Rates

Funmi Adewoju SuleoduNovember 27, 20251 Mins read

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS) across its retail stations, following fresh cuts in ex-depot prices by Dangote Refinery and major depot owners.

A review of major filling stations across Abuja on Thursday showed that NNPCL has adjusted its retail price from N945 per litre to N930, reflecting a N10 downward shift.

The new price has taken effect in several locations, including Kubwa Expressway, Gwarimpa, Wuse Zone 4, Zone 6, and other outlets within the Federal Capital Territory.

Other fuel marketers have also made similar reductions. Ranoil stations in Gwarimpa now dispense fuel at N935, down from N940, while MRS and AP Ardova stations are selling between N930 and N935 per litre.

The coordinated price cuts follow the latest ex-depot adjustments from Dangote Refinery and major depot owners such as Pinnacle and Aiteo, who reduced their rates by at least N10 to N846, N845, and N844 per litre respectively.

Industry experts say the trend may continue. Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), told reporters that the ongoing “petrol price competition” could trigger further reductions in the coming days.

Author

Funmi Adewoju Suleodu

Olufunmilayo Adewoju Suleodu is a veteran journalist, editor, and publisher with more than three decades of experience in journalism, communications, and public affairs.

She has worked across news media, magazine publishing, communications, development-sector engagements, and digital journalism. She currently publishes SageBits Online and reports on governance, development, business, education, traditional institutions, and public affairs.

She is also an elected officer of the Nigeria Union of Journalists (NUJ), Ogun East Independent Chapel, reflecting her continued engagement with the journalism profession and media development.

Based in Ogun State, she is available for freelance reporting, feature writing, editorial assignments, research, project documentation, and development communications work.

Detailed professional history and references are available upon request.

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Written by

Funmi Adewoju Suleodu

Olufunmilayo Adewoju Suleodu is a veteran journalist, editor, and publisher with more than three decades of experience in journalism, communications, and public affairs. She has worked across news media, magazine publishing, communications, development-sector engagements, and digital journalism. She currently publishes SageBits Online and reports on governance, development, business, education, traditional institutions, and public affairs. She is also an elected officer of the Nigeria Union of Journalists (NUJ), Ogun East Independent Chapel, reflecting her continued engagement with the journalism profession and media development. Based in Ogun State, she is available for freelance reporting, feature writing, editorial assignments, research, project documentation, and development communications work. Detailed professional history and references are available upon request.