As of mid-July, NNPC Limited has reduced its pump price for Premium Motor Spirit (PMS) at retail stations across Nigeria:
- Lagos: ₦865 per litre
- Abuja (FCT): ₦895 per litre Legit.ng – Nigeria news.+15Legit.ng – Nigeria news.+15Okay.ng+15Okay.ng+12Vanguard News+12The Guardian Nigeria+12Legit.ng – Nigeria news.
These cuts reflect competitive adjustments in response to similar reductions by Dangote Refinery and independent marketers.
📉 Price Trend and Context
- The price reduction in Lagos marked a ₦20 drop from the previous ₦885 per litre, and in Abuja, a ₦15 decline from ₦910–₦925 per litre Ejes Gist News Nigeria+7Legit.ng – Nigeria news.+7Nigerian News Today+7.
- Earlier in June, NNPC had increased petrol prices to around ₦915 per litre in major cities following global crude price surges and currency fluctuations Okay.ng+15Nairametrics+15Legit.ng – Nigeria news.+15.
- Regionally, prices vary, but recent changes bring NNPC rates in line with Dangote-affiliated marketers offering petrol at ₦865–₦885 per litre Legit.ng – Nigeria news..
🌍 State-by-State Pricing Snapshot
A selection of recent NNPC pump prices by zone:
| Region | NNPC Pump Price (₦/litre) |
|---|---|
| Lagos | 865 |
| Abuja (FCT) | 895 |
| South-West | ~875 |
| South-East/South-South | ~895 |
| North-West/Central | ~885 |
| North-East | ~895 |
This reflects harmonization with depot-level pricing and state-specific logistics costs Wikipedia+15Legit.ng – Nigeria news.+15Okay.ng+15Wikipedia+1Nairametrics+1NigPricesWikipedia.
💡 Why Are NNPC Prices Changing?
- Increasing global oil prices and deteriorating exchange rates impacted supply costs.
- Removal of fuel subsidy, moving the market to a fully deregulated pricing model.
- Pressure from Dangote Refinery and independent depot marketers prompted price alignment.
- Regulatory oversight by NMDPRA and national pricing forums highlighted the need for price transparency Okay.ngWikipedia+9Nairametrics+9Vanguard News+9The Guardian Nigeria+1Nigerian News Today+1.
🚗 Implications for Consumers & Businesses
- Lower pump prices help ease inflationary pressures on transport costs.
- Logistics firms and haulage operators can recalculate operational budgets based on current NNPC rates.
- Consumers in high-density areas, such as Lagos and Abuja, may directly benefit from the reductions, especially amid rising living costs.
✅ Final Thoughts
- As of July 16–17, 2025, NNPC petrol prices stand at ₦865 in Lagos and ₦895 in Abuja, aligning with competitive retail pricing.
- Continued volatility in global markets and domestic supply could lead to further adjustments—upward or downward.
- Staying informed and monitoring official updates from NNPC and market players ensures accurate planning for individuals and businesses alike.
