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The Digest:

Nigerian National Petroleum Company Limited (NNPCL) has implemented another reduction in the price of Premium Motor Spirit (PMS), now selling at N815 per litre at its retail outlets in Abuja, as competition continues to shape pricing in the downstream sector.

Key Points:
  • NNPCL has reduced its fuel price from N835 to N815 per litre, a N20 decrease.
  • The new price was observed at stations in Wuse, Kubwa Expressway, and Keffi-Abuja Road.
  • A station attendant confirmed the reduction took effect on Sunday evening.
  • This marks the second price cut in recent weeks, following an N80 reduction in December 2025.
  • The current NNPCL price is still N79 higher than the N739 sold at Dangote-backed MRS stations.
  • The adjustments are part of an ongoing price war triggered by Dangote Refinery's market entry.
  • The refinery had initially reduced its gantry price to N699 per litre last year.
In a market long defined by scarcity and volatility, even incremental price reductions represent a shifting storm, where competition slowly begins to rewrite the rules of availability and cost for the everyday consumer.

Sources: Daily Post, Vanguard