N1,255: NNPC Reduces Petrol Prices, Releases New Rates for Abuja, Lagos, Other States
- Following Dangote Refinery’s decision, NNPC has reduced petrol prices across the country
- The price cut offered relief to Nigerians, but it might be temporary as crude oil prices change
- Rising crude oil prices could trigger another increase in petrol costs across Nigeria soon
Legit.ng journalist Dave Ibemere has experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and broader market trends.
Nigerian National Petroleum Company Limited (NNPCL) retail outlets have reduced the cost of Premium Motor Spirit, also known as petrol.
The changes came just three days after the Dangote Refinery had reduced its petrol gantry price by N85 to N1,200 per litre from N1,285.
Source: Getty Images
New petrol prices at NNPC filling stations
Checks by Legit.ng showed that petrol was now selling at N1,255 per litre, down from N1,330, representing a reduction of N75.
While the state-owned oil firm’s filling stations in Abuja reduced their prices to N1,295 per litre from N1,361, this means that NNPCL retail outlets cut petrol prices by N71 per litre in Abuja.
A pump attendant, Kunle Ademola, working at the Egbeda area of Lagos, confirmed that there had been a price reduction.
"Petrol prices were slashed over the weekend to N1,255, and it is the same in almost all outlets."
Further check by Legit.ng showed that there were new prices across the country,
Here is an insight into the broader new petrol prices in different states as of April 1, 2026:
- Lagos - N1,255
- Abuja - N1,295
- Anambra - N1,260
- Akwa Ibom - N1280
- Bauchi - N1335
- Osun - N1,280
- Delta - N1,290.
Source: Twitter
Oil price raises concerns over another increase
Meanwhile, as reported by The Guardian, rising oil prices have raised fears that petrol prices could rise at filling stations in Nigeria.
Petroluemprice.ng reports that crude oil price surged to $118, closer to $120 per barrel and speculates that Dangote Refinery could increase petrol prices.
A source quoted said:
"We are watching the market, and once the movement is sustained, [the] price will most likely move."
Industry insiders said that marketers have started suspending sales ahead of a possible price change to avoid losses.
This cautious approach follows signals that the refinery was monitoring global market trends before making a pricing decision.
The slowdown in depot activity, especially in Lagos, highlights the uncertainty, with many traders unwilling to sell at current prices.
If Dangote Refinery goes ahead and adjusts its prices, it is likely to set the tone for new petrol costs at filling stations nationwide.
Nigerians are spending less on train transportation
Legit.ng earlier reported that despite rising petrol prices, Nigerians are using the train less, according to new data from the National Bureau of Statistics.
The report also showed that the number of passengers travelling by rail declined by 9.32% to 940,476 in Q4 2025, a drop from the same period of 2024.
Total revenue collected from passengers during the period also stood at N1.6 billion, representing a 16.3% drop from the corresponding quarter.
Proofreading by James Ojo, copy editor at Legit.ng.
Source: Legit.ng
