₦airaland Forum

The Nigerian National Petroleum Company Limited, NNPCL, has announced a reduction in the pump price of Premium Motor Spirit, PMS, commonly known as petrol, to N860 per litre.

This development is the latest in a price war among oil marketers and independent petroleum dealers. It is also influenced by fluctuations in global crude oil prices.

The new NNPCL price, which takes effect on Monday, marks a significant drop from the previous average of N920 per litre.

Last week, Dangote Petroleum Refinery reduced the ex-depot price of petrol from N890 per litre to N825, marking its second price cut in February.

In a public notice on the price reduction, NNPCL announced three partner off-takers in Lagos: MRS at N860 per litre, AP at N865 per litre, and Heyden at N865 per litre.

Source: https://dailypost.ng/2025/03/03/nnpc-reduces-petrol-price-to-n860-litre/

Hehehe..

PulaPower:
Hehehe..

This price war between them only shows that they have been overcharging Nigerians.

They should bring the fuel price further down.

I now see the sense in leaving the market open. If not for the competition, none of them would have reduce prices as they are doing.

But NNPC no get enough capacity to compete with Dangote for now. Make them no go break knee.

Lol
NNPChit
I pity them sha
They are practically gasping for breath due to the antics of the Kano shylock
Their relevance is severely threatened
The most amusing part is that after all these years and their grand claims of refineries working, they still can't compete with a less than 2 year old Dangote!!

BTW how com they are using same off takers as Dangote

When Jagaban tell una say subsidy is gone say na market forces go determine, short sighted people de argue upandan. When NNPC and Dangotte were having their quarell, Tinubu was looking at them, today, their rofo rofo fight is reducing the price of PMS every Monday.

BAT too wish abeg.

na dem go tire. Dangote is going to 600 soon. Imagine if there is no dangote refinery, we will be buying almost 1500 amid scarcity.

Dangote fuel or nothing.. Nnpc Biko drink your fuel, we no want again.
Nnpc are now enemies of Nigerians.

Thank you Dangote

Dangote 5-1 NNPC

LegendHero:
This price war between them only shows that they have been overcharging Nigerians.

They should bring the fuel price further down.

I now see the sense in leaving the market open. If not for the competition, none of them would have reduce prices as they are doing.

But NNPC no get enough capacity to compete with Dangote for now. Make them no go break knee.

You’re right..

The competition will always compel both sides to bring price of fuel down..

i said it that NNPC is the number one enemy of nigerians.

why cant they be the first to adjust price when they knew the cost of production have reduced,

Dangote dey really press their necks

Very good

9jatriot:
When Jagaban tell una say subsidy is gone say na market forces go determine, short sighted people de argue upandan. When NNPC and Dangotte were having their quarell, Tinubu was looking at them, today, their rofo rofo fight is reducing the price of PMS every Monday.

BAT too wish abeg.

Then what happen to druggie refinery in Malta?

But APC Occupy Nigeria wanted war if petrol is not sold for 65 naira per litre..

Is 65 naira to 860 naira, a reduction?

9jatriot:
When Jagaban tell una say subsidy is gone say na market forces go determine, short sighted people de argue upandan. When NNPC and Dangotte were having their quarell, Tinubu was looking at them, today, their rofo rofo fight is reducing the price of PMS every Monday.

BAT too wish abeg.

He stated categorically in one interview that he doesn't believe in price control but market forces

If they can sell it so low why was the price not reduced before now. Gradually, the truth will soon be out for public knowledge. It will not be too long before it is unveiled.

Nadingo:
Dangote dey really press their necks

They are pressing each other neck.



No reasonable Nigerian should support any of those two predators

Who is druggie, what refinery does he own?

OnyeObowo1:
Then what happen to druggie refinery in Malta?

LegendHero:
Source: https://dailypost.ng/2025/03/03/nnpc-reduces-petrol-price-to-n860-litre/

N500 or nothing

They're not serious yet

Let it continue! Dangote, please take it down like N800!

just2endowed:
i said it that NNPC is the number one enemy of nigerians.

why cant they be the first to adjust price when they knew the cost of production have reduced,

I agree. They won't have reduced their price if not for Dangote.

Dangote should bring it down to N600 and run NNPC out of business.

Tinubu is working

Dividends of competition

9jatriot:
When Jagaban tell una say subsidy is gone say na market forces go determine, short sighted people de argue upandan. When NNPC and Dangotte were having their quarell, Tinubu was looking at them, today, their rofo rofo fight is reducing the price of PMS every Monday.

BAT too wish abeg.

BAT my foot, you're much correct

9jatriot:
Who is druggie, what refinery does he own?

Don't mind those demented brains!

Give this man a cold beer and 20k litres of petrol

hafeeanubasy:
He stated categorically that he doesn't believe in price control but market forces

Obidients won't see this.
Some are still saying the refineries are not working