With the Nigerian National Petroleum Company Limited and Dangote Refinery starting a new pricing battle after both companies cut their fuel prices, petroleum dealers and marketers have warned that Nigerians should anticipate additional premium motor spirit price reductions.
This comes as NNPC published its new petrol pricing for Lagos, the Federal Capital Territory, Abuja, and the rest of the country on Monday. The rates are N860 and N880 per liter, respectively.
The new pump price of N880 per litre has been reflected in NNPCL retail stores across the Kubwa expressway in Abuja, the Central Business District, across from the company’s headquarters, and in other places.
Just six days ago, Dangote Refinery reduced the price of gasoline at its partners’ fuel outlet, MRS filling station, and other filling stations to N880 per liter.
NNPCL and Dangote Refinery are engaged in a new gasoline pricing war as a result of the development.
Due to their price battle, Nigerians would now choose to purchase gasoline from NNPCL or Dangote retail locations.
Remember that Dangote gasoline has been selling for less than NNPC since February 2025.
In response, Abubakar Maigadi, the president of the Independent Petroleum Marketers Association of Nigeria, and Billy Gillis-Harry, the national president of the Petroleum Retailers Outlets Owners Association, said that Nigerians should anticipate further reductions in the price of gasoline due to the competition between the Dangote refinery and NNPCL.
In what he called an essential business matrix between NNPCL and Dangote Refinery, Nigerians are in a favorable position, according to Gillis-Harry.
He emphasized that the war has made Nigerians who have been suffering from the growing cost of living happy.
“Our portal now shows the updated price.
“Many Nigerians who are having a hard time making ends meet would greatly benefit from this price cut.
It is anticipated that the decrease in PMS costs will improve the lives of Nigerians.
For the benefit of Nigerians and merchants, we are working with NNPCL to lower the price of gasoline as well,” he stated.
“What’s happening in the downstream oil and gas sector is the beauty of deregulation,” Maigandi remarked.
“It is not surprising because Dangote gasoline is selling at that rate,” he said.