The Nigerian National Petroleum Company Limited (NNPCL) has introduced a special Independence Day promotion offering customers a N66 discount on petrol purchases, marking Nigeria’s 66th anniversary of independence.

The promotion, which runs from October 1 to October 7, 2026, is available to customers purchasing petrol through the NNPC Fuel App. The N66 discount is linked to the country’s 66th Independence anniversary.

The initiative comes at a time when petrol prices are also declining at several retail outlets following a reduction in the ex-gantry price of Premium Motor Spirit (PMS) by Dangote Petroleum Refinery.

NNPCL has separately adjusted petrol prices at some of its filling stations in major markets, with outlets in Abuja and surrounding areas reportedly reducing their pump price from N1,395 to N1,370 per litre.

In Lagos, the reported NNPCL price moved from N1,375 to N1,360 per litre, representing a N15 reduction.

The latest adjustments come after Dangote Refinery reduced its petrol ex-gantry price by N25 per litre, from N1,350 to N1,325. The reduction was followed by price adjustments by several marketers, including MRS.

MRS stations in Abuja were reported to have reduced their pump price from N1,395 to N1,370 per litre following the Dangote refinery adjustment.

The NNPCL promotion and the latest price reductions are taking place amid continued changes in Nigeria’s downstream petroleum market, where locally refined products are increasingly competing alongside imported supplies.

Market data cited in recent reports showed petrol depot prices varying across locations, reflecting differences in supply, transportation costs and individual depot pricing.

The NNPCL offer also comes as the Federal Government continues to balance domestic refining capacity with the need to maintain adequate petrol supplies.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) recently approved petrol import permits covering about 830,000 metric tonnes for the fourth quarter of 2026. The approvals reportedly went to Matrix Energy, A.A. Rano, AYM Shafa, NIPCO, Pinnacle Oil and Bono Energy. The regulator said the imports were intended to guard against possible supply gaps during the final quarter of the year.

The latest import approvals highlight the changing dynamics of Nigeria’s petrol market. Although domestic refineries are supplying a growing share of the market, imports remain part of the supply strategy.

The reduction in Dangote Refinery’s petrol price has nevertheless created room for some marketers to adjust their own prices. Retail prices can differ from one location to another because of transportation, operating costs, logistics and other market factors.

For motorists, the N66 Independence promotion offers a short-term opportunity to purchase petrol at a reduced effective price through the qualifying NNPC channel, while the wider pump-price reductions could provide additional relief in areas where marketers have passed lower wholesale costs on to consumers.

The developments also underline the increasingly competitive nature of Nigeria’s downstream petroleum sector, with domestic refining, imported products and changing international crude prices all influencing what consumers ultimately pay at filling stations.

As the Independence Day promotion runs through October 7, motorists will be watching closely to see whether the current downward movement in petrol prices spreads to more filling stations and locations across the country.

Reporting by TalkNaijaMedia