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The Digest:

Consumers have received a second dose of relief in quick succession. The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS) by ₦10, marking its second price cut in less than a week.

Key Points:
  • The NNPCL on Thursday, December 4th, reduced its retail price of petrol to ₦920 per liter, down from ₦930.
  • This ₦10 per liter reduction was confirmed at NNPCL outlets in key areas of Abuja, including Gwarimpa and Wuse Zone 4.
  • It follows an earlier price slash of ₦15 per liter implemented on November 28th, 2025.
  • IPMAN spokesperson Chinedu Ukadike attributed the trend to increased competition in the downstream oil sector, predicting further price drops.
This successive adjustment plants a seed of cautious optimism for consumers, suggesting a potential storm of competitive pricing may be taking root in Nigeria's crucial fuel market.

Sources: Daily Post Nigeria, Business Post