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Civil society organisations commended Group CEO Engr. Bashir Bayo Ojulari of the Nigerian National Petroleum Company Limited for the strong 2025 financial results and the N66‑per‑litre petrol discount, saying they demonstrate the Petroleum Industry Act is delivering tangible benefits for Nigerians.
MRS stations backed by Dangote Refinery and other local fuel retailers raised the price of Premium Motor Spirit in Abuja to N1,409 per litre, up from N1,370, while Ranoil and AA Rano increased theirs to N1,410. The hikes come as the government proposes a discount to N1,350 at NNPCL outlets.
Former Vice President Atiku Abubakar says President Bola Tinubu is treating the Nigerian National Petroleum Company Limited as a source of campaign money, alleging the N66‑per‑litre fuel discount is a political stunt rather than a genuine relief for motorists.
The Nigerian National Petroleum Company Limited said motorists have been receiving a N66 per litre discount on Premium Motor Spirit at its retail stations, a scheme that started on 1 October and will run until 31 October, preceding the federal government's decision to lower the official pump price to N1,350 per litre.