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.
VAM News 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.
Recall that barely six days ago, Dangote Refinery dropped its petrol price to N880 per litre in its partners’ fuel outlet, MRS filling station, and other filling stations in Abuja.
The development has sparked a fresh petrol price war between NNPCL and Dangote Refinery.
The situation means Nigerians would now choose to buy petrol between NNPCL and Dangote retail outlets amid their price war.
Recall that since February 2025, Dangote petrol has been selling at an advantageous price compared to NNPC.
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Reacting, National President of Petroleum Retailers Outlets Owners Association and his counterpart of the Independent Petroleum Marketers Association of Nigeria, Billy Gillis-Harry and Abubakar Maigadi, respectively, said Nigerians should expect more petrol price drops amid the competition between NNPCL and Dangote refinery.
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