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Wednesday, May 27, 2026
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NNPCL Lowers Petrol Price by ₦15 

Veritas Media Staffer
By Veritas Media Staffer

The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of Premium Motor Spirit (PMS) from ₦910 to ₦895 per liter, reflecting a ₦15 reduction. 

The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of Premium Motor Spirit (PMS) from ₦910 to ₦895 per liter, reflecting a ₦15 reduction. 

Industry experts note that liberalization has increased competitiveness in Nigeria’s downstream oil sector. Chinedu Ukadike, the spokesperson for IPMAN, said marketers can now better compete with NNPCL. However, he criticized NNPCL’s ongoing dominance and highlighted unresolved issues with the Port Harcourt, Warri, and Kaduna refinery rehabilitations. 

The newly inaugurated NNPCL Board headed by Engineer Ahmadu Musa Kida though, had promised Nigerians that in carrying out its mandate, it will resort to people-centric policies. 

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