Petrol Price War Intensifies as NNPCL, Dangote Slash Rates Petroleum retailers and marketers have indicated that Nigerians should anticipate further reductions in petrol prices as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery engage in a fresh price war. On Monday, NNPCL announced new petrol prices of N860 and N880 per litre in Lagos, Abuja, and other parts of the country. Waffi TV reports that NNPCL retail outlets along the Kubwa expressway, the Central Business District, and other locations have already adjusted to the new pump price of N880 per litre. Just days earlier, Dangote Refinery lowered its petrol price to N880 per litre at MRS filling stations and other outlets in Abuja, intensifying competition between the two firms. With both companies battling for market share, Nigerians now have the option to choose between NNPCL and Dangote fuel stations. Since February 2025, Dangote petrol has been selling at a more competitive price compared to NNPCL. Reacting to the development, the National President of the Petroleum Retailers Outlets Owners Association, Billy Gillis-Harry, and the Independent Petroleum Marketers Association of Nigeria's President, Abubakar Maigadi, noted that the ongoing competition would likely lead to further price reductions. Gillis-Harry described the situation as a beneficial business strategy that has brought relief to Nigerians struggling with high living costs. “The new price has been reflected on our portal. “This price reduction will be a huge relief to many Nigerians struggling to make ends meet. “The reduction in PMS prices is expected to positively impact Nigerians’ lives. We are engaging NNPCL to also bring down the petrol prices for the benefit of Nigerians and marketers,” he said. On his part, Maigandi said what is happening in the downstream oil and gas sector is the beauty of deregulation. According to him, “It is not surprising because Dangote petrol is selling at that rate. “This is what we have been telling the government to deregulate the sector. The price will start coming down. Investors have started coming. “The reduction in petrol price means joy to Nigerians and marketers,” he said.