The Nigerian National Petroleum Company Limited (NNPCL) has officially reduced the pump price of Premium Motor Spirit (PMS), also known as petrol, to ₦910 per litre in Abuja. This change took effect in early May 2025 and is already reflecting at some major filling stations across the capital.
Why the Price Was Reduced
According to reports, this price reduction is influenced by a combination of factors including:
-
Slight improvements in supply chain logistics
-
Strengthening of the Naira in the foreign exchange market
-
Pressure from stakeholders to ease the burden on Nigerians
While ₦910 per litre may still be high compared to past years, it’s a welcome drop from recent prices that ranged above ₦1,000 per litre in some areas.
How Abuja Residents Are Reacting
In Abuja, many residents have expressed relief, especially commercial drivers and students who rely on public transport. Some filling stations saw long queues as motorists rushed to take advantage of the new price.
“Even a ₦50 reduction helps us. We’re just praying it continues to drop,” said Musa, a taxi driver in Wuse.
What This Means for You
If you’re a student, commuter, or small business owner in Abuja, this price change may offer:
-
Slightly lower transportation costs
-
Reduced costs of goods and services, as logistics become cheaper
-
A chance to better manage your monthly expenses
However, prices still vary in other states, and Abuja’s price does not automatically apply nationwide.
What to Expect Next
While this new development is positive, analysts say the market is still volatile. Future prices will depend heavily on:
-
Exchange rate stability
-
Government import policies
-
Global oil market trends
Stay updated, because a further drop — or another hike — could happen anytime.
Final Thoughts
This reduction to ₦910 per litre in Abuja is a step in the right direction, especially for students and young professionals trying to balance rising living costs. We’ll continue to monitor the situation and share updates as they happen.
Join our Whatsapp channel to stay updated always!
Click here to join our Whatsapp channel