The Nigerian National Petroleum Company Limited (NNPCL) has again brought down the pump price of Premium Motor Spirit (PMS), commonly known as petrol. This is the second time in less than one week that the price has been reduced.
On Thursday, December 4, 2025, the company lowered the price by ₦10 per liter. With this change, petrol now sells for ₦920 instead of ₦930 at NNPCL filling stations in Abuja, including stations in Gwarimpa, along Kubwa Expressway, and in Wuse Zone 4.
This comes shortly after another reduction on November 28, 2025, when NNPCL cut the price by ₦15 per liter. These back-to-back adjustments show a steady drop in fuel prices at NNPCL outlets. 
The main reason for these reductions is the growing competition in the deregulated downstream oil market. NNPCL and the Dangote Petroleum Refinery are currently the biggest rivals in this space, and their competition is pushing prices down.
Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), explained that fuel prices are likely to keep falling, saying the reductions will continue because of the strong competition.
