The Nigerian National Petroleum Company Limited (NNPCL) has reduced its petrol price for the third time in December 2025, reflecting continued adjustments across the country’s downstream sector.
DDM gathered that a survey conducted by a DAILY POST correspondent in Abuja on Thursday revealed that NNPCL has lowered its fuel price to N835 per litre, down from the previous N915 per litre, representing an N80 reduction.
The price adjustment by the state-owned oil company follows similar moves by major fuel marketers, including MRS, BOVAS, and AA Rano, which earlier revised their pump prices to range between N739 and N865 per litre in the nation’s capital.
Industry sources noted that the downward review is linked to cost reductions at the depot level. Dangote Refinery and other depot owners recently slashed ex-depot fuel prices to between N699 and N800 per litre, creating room for marketers to reduce retail pump prices for consumers.
NNPCL had previously adjusted petrol prices on December 4 and December 10, 2025, marking a trend of multiple reductions within a single month.
Analysts say the repeated price cuts reflect improved local refining output and stronger supply management, offering temporary relief to consumers amid broader economic pressures.
Market observers highlight that the ongoing adjustments may also be influenced by government policies encouraging domestic refining and discouraging unnecessary importation of petroleum products.
With local refineries now producing sufficient volumes to meet domestic demand, fuel marketers are able to lower prices without compromising profitability.
Consumers in Abuja and other major cities have reportedly welcomed the development, citing relief from the high cost of transportation and living expenses. Traders and motorists alike are closely monitoring the market for further reductions, as competition among marketers continues to intensify.
Economic analysts warn, however, that while the current price reductions are positive, long-term stability in fuel pricing will depend on sustained domestic refining output, adequate distribution, and regulatory oversight to prevent sudden spikes in pump prices.
As Nigeria continues to expand domestic refining capacity through Dangote Refinery and other local facilities, experts suggest that consistent price moderation could become a lasting feature of the petroleum market, reducing dependence on imported fuel and stabilizing consumer costs nationwide.