The Nigerian National Petroleum Company (NNPC) Limited has reduced petrol price at its retail outlets to N875 per litre in Lagos and N900 in Abuja.
The development comes just two days after the national oil company increased the product’s price to N915 per litre in Lagos and N955 per litre in Abuja.
On Wednesday, it was observed that the NNPC retail outlets reduced petrol price by N40 per litre in both cities.
In Lagos, the price dropped to N875 per litre at the company’s Fadeyi branch on Western Avenue.
At a retail outlet located at the Federal Housing Authority (FHA) in Kubwa, Abuja, petrol was sold for N900 per litre.
However, Dangote refinery partners — Mobil and AP — maintained their pump prices at N915 per litre.
On July 31, the National Bureau of Statistics (NBS) reported that the average retail price of a litre of petrol increased by 38.32 percent to N1, 037.66 in June 2025 — up from N750.17 in June 2024.
The report said residents of Jigawa, Ondo, and Lagos paid the highest average retail prices for the product in June.
In contrast, Yobe, Kogi, and Imo states recorded the lowest average prices at N950.60, N986.67, and N987.86, respectively, according to the bureau.
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