Jubilation Across Nigeria As NNPC Reduces Petrol Pump Price, Issues Urgent Order To Filling Stations; SEE New Rate
The Nigerian National Petroleum Company Limited (NNPCL) has officially reduced the price of petrol at its retail outlets. The new pump price has dropped from ₦960 to ₦945 per litre, marking a slight reduction. This adjustment became effective on Thursday, February 13, 2025, following a directive issued by the company’ s head office to all its filling stations.
A visit to one of the NNPC retail stations in Ejigbo confirmed the price change. A petrol station attendant at the outlet acknowledged the adjustment, stating, ” Yes, this morning (Thursday), we received instructions from the head office to reduce the price from ₦960 to ₦945. You can already see the level of patronage and the long queues. ” The adjustment immediately attracted more customers, leading to increased activity and longer queues at the station.
Despite the reduction, not all customers viewed the price change positively. According to Legit. ng, Kunle Ademola, a commercial driver purchasing fuel at the Ejigbo station, expressed dissatisfaction with the reduction. He stated, ” Although petrol price has been reduced, it will have no effect on my fares as the reduction is too small for me to adjust. ” His comment reflects a common sentiment among commercial drivers, who believe that a decrease of only ₦15 per litre is insufficient to significantly impact their operational costs or reduce transport fares for passengers.
Meanwhile, a survey of other major filling stations revealed that the price adjustment had not been widely implemented. For instance, Ardova Plc continued to sell petrol at ₦970 per litre, while Mobil maintained a pump price of ₦960 per litre. Similarly, Petrocam stations were still selling petrol at ₦970 per litre. This inconsistency highlights that only NNPC retail outlets had implemented the new reduced pricing, while other marketers retained their previous rates.
The Nigerian public continues to monitor these developments closely, as petrol prices directly influence transportation costs and the overall cost of living. While the ₦15 reduction by NNPC is welcomed by some, others argue that it is insufficient to ease the financial burden caused by high fuel prices. Many consumers are hopeful that further price reductions will follow, especially if international crude oil prices continue to fall.
In conclusion, the NNPC’ s recent move to reduce the petrol pump price to ₦945 per litre is a notable development in Nigeria’ s energy sector. However, reactions have been mixed, with some appreciating the change and others calling for more significant price cuts. As the global energy market continues to fluctuate, the impact of these adjustments on everyday Nigerians will remain a critical topic of discussion.
