The Nigerian National Petroleum Company (NNPC) Limited has decreased the price of petrol at its retail outlets to N875 per litre in Lagos and N900 in Abuja.

The move comes only two days after the national oil corporation raised the product’s price to N915 per litre in Lagos and N955 per litre in Abuja.

On Wednesday, TheCable reported that NNPC retail shops in both cities had slashed petrol prices by N40 per litre.

In Lagos, the price was reduced to N875 per litre at the company’s Fadeyi location on Western Avenue.

Petrol was priced at N900 per litre at a retail station operated by the Federal Housing Authority (FHA) in Kubwa, Abuja.

However, Dangote refinery partners Mobil and AP kept their pump prices at N915 per litre.

On July 31, the National Bureau of Statistics (NBS) revealed that the average retail price of a litre of petrol rose by 38.32% to N1,037.66 in June 2025, up from N750.17 in June 2024.

According to the survey, residents of Jigawa, Ondo, and Lagos paid the highest average retail costs for the commodity during June.

Yobe, Kogi, and Imo states had the lowest average prices, at N950.60, N986.67, and N987.86, respectively, according to the statistics.