Nigeria’s state oil company, NNPCL, has cut its premium motor spirit (petrol) pump price for the second time in under two weeks, lowering the cost of fuel at its retail outlets amid weaker global crude prices. A market check found NNPCL stations selling petrol at N1,150 per litre, down from N1,210 previously.
NNPCL’s latest cut and the broader fuel-price backdrop
- NNPCL reduced its premium petrol pump price to N1,150 per litre, a move that takes the price down by N60 from the earlier level of N1,210.
- The most recent adjustment continues a short run of declines: between June 27 and July 5, 2026, NNPCL lowered fuel pricing by a total of N110.
- The new retail cut arrives just three days after Dangote Refinery announced its fourth gantry fuel-rate reduction, bringing its rate down to N1,075 per litre.
- In the same period, earlier reporting indicated that other marketers—NIPCO, AA Rano, and Ranoil—had also reduced their petrol prices, placing retail figures in a band of N1,205 to N1,240 per litre.
The timing of the cuts tracks with a drop in international oil benchmarks at the time of the market survey. Brent crude was reported at $72 per barrel and West Texas Intermediate at $68 per barrel, a decline that typically feeds through to both wholesale “gantry” rates and retail pump prices.
