NNPC, MRS cut petrol pump prices as Abuja, Lagos rates stay above N1,300

Petrol prices have fallen at select filling stations in Lagos and Abuja after the Nigerian National Petroleum Company Limited and MRS cut pump rates. But prices remain above N1,300 per litre in both cities.

In Abuja, NNPC lowered its pump price to N1,325 per litre, making it one of the cheapest options in the capital and surrounding areas. The cut followed a price move by Dangote Refinery, which triggered a reduction of between N45 and N80 per litre at NNPC stations.

Abuja stations adjust

Outlets including AA Rano, Sharon and Shema dropped their petrol prices by N10, from N1,420 to N1,410 per litre. Other retailers in Abuja, including MRS, Ranoil, Empire, Mobil and AP Ardova, were selling petrol at between N1,395 and N1,420 per litre as of the latest market check.

Lagos gets modest relief

In Lagos, MRS cut its pump price by N19, bringing it down from N1,350 to N1,331 per litre. NNPC also reduced its Lagos rate by N20, from N1,360 to N1,340 per litre. The cuts offer modest savings for motorists, but prices across the state have not fallen below N1,300 per litre.

Depot prices remain wide

At the depot level, prices vary across major suppliers. Aiteo quoted the lowest price for Premium Motor Spirit at N1,277 per litre, with Nipco close behind at N1,279. AA Rano, African Terminal, Integrated, MRS, Rain Oil and Wosbab were all selling at N1,280 per litre. Ascon listed N1,285, Pinnacle N1,290 and Dangote N1,293. A.Y.M Shafa, Matrix and Parker were each at N1,300, while Alkanes and Mainland quoted N1,310 per litre. Masters had the highest depot price on the list at N1,325 per litre.

The adjustments coincided with international crude oil benchmarks trading below $100 per barrel. The National Bureau of Statistics reported that the value of petrol imports dropped by N87.401 billion in the first quarter of 2026. It said imports fell from N2.271 trillion in the corresponding period of 2025, a 96.2% decline. Despite the sharp decline in petrol imports, Nigeria still relies partly on imported fuel to meet domestic demand.

The price cuts offer motorists modest relief, but pump prices remain above N1,300 per litre in Lagos and Abuja. That keeps pressure on transport and business costs even as crude trades below $100 per barrel.