NNPC, Ardova, Other Filling Stations Release New Petrol Prices for Lagos, Other States
- The Nigerian National Petroleum Company (NNPC) retail and other filling stations decided to increase their petrol prices
- The new prices reflected both in Lagos and other states, with NNPC retail stations selling the highest
- Dangote Petroluem Refinery’s partner stations, Ardova, MRS, Heyden continued to sell below N900 per litre
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Oil marketers, including the Nigerian National Petroleum Company (NNPC) have announced a new pump price of Premium Motor Spirit (PMS), also known as petrol
Checks on Tuesday, August 5, showed that NNPC retail outlets are dispensing fuel to motorists at N915 per litre in Lagos, while residents in Abuja, Nasarawa, and Kogi states are paying N955 per litre at NNPC stations
Source: Getty Images
The new price reflects an increase of N50 in Lagos as it was previously sold at N865.
For Abuja, Nasarawa, and Kogi states, the new pump price offered by NNPC shows a N65 increase.
NNPC is now more expensive
With the latest adjustment, NNPC retail outlets are now selling petrol above Dangote Refinery’s partner stations.
Most filling stations visited, such as De Petroleum, Ardova, Heyden, MRS, were all selling petrol at a lower rate than NNPC's.
For example, Ardova, although it increased its price from N865, currently charges N875 in Lagos.
Heyden filling station retained the pump price at N865 per litre.
Ranoil, AA Rano, Shema, Empire Energy, Optima, and other petroleum product marketers are selling between N950 and N971 per litre in Abuja.
Why have fuel prices increased?
The changes in fuel prices follow the rise in global crude oil prices, and most depots have adjusted prices.
Dangote refinery's ex-depot price, which is the rate at which marketers buy increased to N865 per litre from N820.
However, there is hope as several private depot owners have started reducing prices following the crude oil price drop below $70 per barrel.
Source: Getty Images
Data obtained from petroleumprice.ng showed that on Tuesday, August 5 showed that Mainland recorded a price drop of N27, bringing its petrol price to N873 per litre. Menj followed with a reduction of N2 to N863, while Aiteo saw a marginal decline of N1, settling at N862 per litre.
Zone 4, Fynefield, and Sigmund are currently selling at N900 per litre with no recent changes.
Alkanes is dispensing at N875, while Matrix and Rainoil outlets in Lagos are selling at N870 per litre. Matrix Warri and Rainoil Delta are both at N890 per litre.
Zamson's price stands at N876. Ever is at N900, and Master at N897 per litre.
Diesel price increase
In a related development, Legit.ng reported that the National Bureau of Statistics (NBS) disclosed that the average retail price of Automotive Gas Oil (diesel) paid by consumers increased to N1,813.81 per litre in June 2025.
The June price reflects a 23.98% increase compared to the N1,462.98 per litre average price recorded in June 2024.
There are 10 states with most expensive and cheapest rates.
Proofreading by Funmilayo Aremu, copy editor at Legit.ng.
Source: Legit.ng
