The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of Premium Motor Spirit, otherwise known as petrol, at its retail outlets in Lagos and Abuja.
This comes barely two days after the NNPC increased the pump price of petrol in Abuja and Lagos.
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The national oil company had, on Monday, August 4, 2025, increased petrol price to N915 per litre in Lagos and N955 per litre in Abuja.
Oil prices rise over U.S. demand
However, it was gathered that the company reduced the price of the product to N875 per litre in Lagos and N900 in Abuja on Wednesday.
This shows a price reduction of N40 and N55 in Lagos and Abuja, respectively.
Meanwhile, Dangote refinery partners – Mobil and AP – maintained their pump prices at N915 per litre.
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