
The Digest:
The Nigerian National Petroleum Company (NNPC) has reduced the petrol price to N875 per litre in Lagos and N900 in Abuja, just days after a price hike. This move marks a N40 per litre decrease in both cities, providing some relief for consumers.
Key Points:
- NNPC cuts petrol price to N875/litre in Lagos and N900/litre in Abuja.
- The reduction follows a recent increase, where prices were N915 in Lagos and N955 in Abuja.
- Dangote refinery partners, Mobil and AP, maintain prices at N915/litre.
- The National Bureau of Statistics (NBS) report shows a 38.32% rise in petrol prices in June 2025.
- The highest petrol prices were observed in Lagos, Jigawa, and Ondo states.
- Yobe, Kogi, and Imo recorded the lowest prices for petrol in June 2
Sources: TheCable, NBS