According to a report by Daily Post, on Wednesday, August 6, the Nigerian National Petroleum Company Limited (NNPCL) has adjusted the pump price of Premium Motor Spirit (PMS) downward, just two days after it was increased across the country.
According to findings by Daily Post, fuel is now selling at N900 per litre in several NNPCL retail outlets, marking a N55 reduction from the previous rate of N955.
This fresh change was observed early Wednesday across multiple locations in the Federal Capital Territory.
From Gwarimpa to Wuse Zone 4, pump attendants confirmed the adjustment had already taken effect.
A fuel attendant in Abuja, who preferred to remain anonymous, said, “We sold at N955 yesterday, but today, it’s back to N900 per litre.”
The revision comes after widespread criticism and public frustration following Monday’s unexpected increase that pushed petrol closer to the N1,000 mark.
With the latest cut, NNPCL appears to be responding to pressure and possibly recalibrating based on updated market realities.
However, while the NNPCL outlets have eased prices, independent stations are taking different routes.
Ranoil and Empire Energy filling stations in Gwarimpa are still selling fuel at N955 and N950 per litre, respectively only a slight drop from their earlier rates of N971 and N970.
Meanwhile, MRS filling stations are yet to make any changes. A station manager told Daily Post their pump price remains N885 per litre, consistent with reports from earlier in the week.
Industry insiders had earlier linked the spike in petrol prices to increased ex depot charges from Dangote Refinery and various private depots, sparking a blame game between marketers and retailers.
As the tug of war over pricing continues, Nigerians are left hoping for lasting stability not just another temporary drop.
