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NNPC Limited cut petrol prices in Lagos and Abuja, marking its second downward adjustment within five daysThe Lagos price dropped by N10, while Abuja saw a steeper N36 cut, offering relief for NigeriansDangote Refinery also slashed its ex-depot petrol price by N50 per litre a day earlier, intensifying competition in Nigeria’s downstream market
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian National Petroleum Company Limited has cut petrol prices at its retail outlets in Lagos and Abuja for the second time in five days, as competition in Nigeria’s downstream petroleum market and falling global crude oil prices continue to push pump prices lower.
NNPC Limited reduced its Lagos pump price by N10 per litre, from N1,265 to N1,255, with the reduction taking effect on Friday, August 7, 2026.
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