This adjustment follows a recent reduction in the ex-depot price by Dangote Refinery, which dropped from ₦890 to ₦825 per litre. The refinery also named MRS, AP, and Heyden as its partner filling stations in Lagos, offering prices ranging between N860 and N865 per litre.

A visit to some filling stations in Lagos confirmed the new pricing, though no official statement has been issued by NNPC Retail. Meanwhile, stakeholders say the reduction could be part of a market realignment driven by competition among major fuel suppliers.

The National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Hammed Fashola, confirmed the development, stating:

“It is true, NNPC is selling petrol at ₦860 in the filling stations. Though this has not been reflected on the portal, they told me they are working on updating the portal.”

Similarly, the National President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, noted: “They reduced the pump price earlier this morning but I’m yet to get the details.”

This price adjustment shows competition in Nigeria’s fuel sector. The recent price cut by Dangote Refinery, which has introduced different pricing structures across its partner stations, is seen as a move that could push other fuel marketers, including NNPC, to respond accordingly.

While many Nigerians welcome the lower fuel prices, questions remain about the sustainability of these reductions, especially given fluctuations in global crude oil prices and foreign exchange challenges.

For now, consumers are taking advantage of the price drop, but experts caution that unless long-term stability measures are put in place, fuel prices may continue to fluctuate in the coming months.

Energy policy analyst, Adeola Yusuf said “International crude oil prices are highly politicised and therefore, very volatile. Now that President Trump is threatening to increase the US crude oil reserve, it could push prices further down, leading to a downward review of petroleum product prices. So, it is a two-edged sword. For now, it favours consumers to the detriment of producers. Tomorrow, the table can turn.”

The sensitization exercise which took place at the National Artisans and Technicians Conference held last week in Lagos, brought together a large audience drawn from auto mechanics and technicians from across the country.

The engagement aimed to demystify the process of converting gasoline-powered vehicles to CNG and encourage the adoption of sustainable energy solutions.

In addition to promoting the benefits of CNG conversion, NRL also raised awareness about its Oleum, its lubricant range, known for its excellent performance in both gasoline and CNG-powered vehicles.

The landmark initiative also underscores NRL’s commitment to driving the nation’s transition to cleaner and more sustainable energy sources while ensuring Nigerian artisans are well-informed about emerging trends in the automotive sector.

According to a statement signed by Olufemi Soneye, chief corporate communications officer, NNPC Ltd, the conference featured practical demonstrations on the technicalities of converting vehicles from gasoline to CNG, providing the mechanics with first-hand insights into the process.

Speaking at the engagement session, Baba Shettima Kukawa, the executive director, Retail Operations & Mobility at NRL, encouraged the mechanics to seek out the necessary skills for CNG conversion, emphasizing that it is a growing trend that will shape the future of Nigeria’s automotive industry.

“We believe that sensitizing mechanics on the importance of CNG adoption is critical to achieving Nigeria’s long-term energy goals. While this engagement focused on raising awareness, we urge artisans to actively pursue the skills required to contribute to this transformative shift toward cleaner and more affordable fuel options. This initiative represents a crucial step in advancing the nation’s transition to a cleaner, more sustainable energy future,” Kukawa stated.

Responding, the Chairmen of the Motor Mechanics and Technicians Association of Nigeria (MOMTAN) and the Nigeria Automobile Technicians Association (NATA) commended NRL for its proactive approach and called for the expansion of the initiative to include even more mechanics and technicians nationwide.

Both associations highlighted the importance of sustained efforts to further support Nigeria’s move toward cleaner energy solutions.

In support of the local automotive sector, the NRL also provided auto mechanics with coveralls, toolboxes, and generators during the event to enhance their business operations and promote sustainability.

NNPC Retail’s commitment to promoting CNG as an alternative fuel aligns with the broader strategic vision of NNPC Ltd to reduce the environmental impact of Nigeria’s energy consumption while making fuel more affordable for consumers.