Expect more fuel price drop amid NNPC, Dangote war – PETROAN, IPMAN to Nigerians

Petroleum retailers and marketers have hinted that Nigerians should expect more premium motor spirit price reductions as the Nigerian National Petroleum Company Limited and Dangote Refinery commenced a fresh price war following fuel drops by both firms.

This comes as NNPC on Monday announced its new petrol prices of N860 and N880 per litre, respectively, in Lagos, the Federal Capital Territory, Abuja, and across the country, respectively.

DAILY POST reports that NNPCL retail outlets along the Kubwa expressway in Abuja, the Central Business District, opposite the company’s headquarters, and other locations have reflected the new pump price of N880 per litre.

Just a week ago, Dangote Refinery made headlines by reducing its petrol price to N880 per litre at its partner’s fuel outlet, MRS filling station, and other filling stations in Abuja. This move has ignited a fierce petrol price competition between NNPCL and Dangote Refinery, giving Nigerians the option to choose where to purchase petrol amidst this price war.

Since February 2025, Dangote petrol has consistently been priced lower than NNPC, providing consumers with a more cost-effective option. In response to this development, the National President of the Petroleum Retailers Outlets Owners Association, Billy Gillis-Harry, and the President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigadi, have expressed optimism about further petrol price reductions as a result of the competition between NNPCL and Dangote Refinery.

Gillis-Harry emphasized the positive impact of the price war on Nigerians, stating that the reduced prices will provide much-needed relief to those struggling with the high cost of living. He also mentioned ongoing discussions with NNPCL to lower petrol prices for the benefit of both consumers and marketers.

Maigadi highlighted the benefits of deregulation in the downstream oil and gas sector, attributing the price reductions to increased investor interest. He echoed Gillis-Harry’s sentiments, emphasizing the joy that lower petrol prices bring to Nigerians and marketers alike.

The price war between NNPCL and Dangote Refinery, which began on September 15, 2024, continues to benefit consumers and drive competition in the petrol market. This ongoing competition is a positive development for the industry and consumers alike.