The Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of petrol at its retail outlets in Lagos to N837 per litre, down from N840 and N838 at several of its stations.

Checks across Lagos also showed that other marketers also reviewed their prices.

Some sttations operated by Ardova Plc and MRS Oil Nigeria Plc were selling petrol at N818 per litre, while Cincia stations dispensed at N830.

The marginal reduction comes as fears grow about hike in fuel prices following United States and Iran war.

Benchcrude the international benchmark for crude oil prices crossed over $80 per barrel.

NIPCO rolls out 20 new CNG stations

Meanwhile, NIPCO Gas Limited has announced plans to roll out 20 additional Compressed Natural Gas (CNG) stations nationwide, offering CNG at N380 per standard cubic metre.

Speaking at a media engagement in Lagos, the Managing Director, Mr. Nagendra Verma outlined an aggressive expansion strategy covering pipeline infrastructure, city gas distribution networks and a nationwide CNG rollout.

He described natural gas as central to Nigeria’s energy security, industrial competitiveness and macroeconomic stability in the post-subsidy era, the Sun reports.

According to him, reforms introduced under the Petroleum Industry Act (PIA) have improved regulatory clarity and strengthened investor confidence across the oil and gas value chain, encouraging long-term infrastructure investments.

Pipeline expansion underway

In partnership with NNPC Gas Marketing Limited, and under mandate from NNPC, NIPCO Gas is constructing an 18-inch, 80-kilometre natural gas pipeline from Sagamu to Ibadan.

The project, expected to be completed between June and July 2026, will boost gas supply to industries in Ogun and Oyo states, the Nation reports.

Verma said the infrastructure would help manufacturers reduce reliance on diesel and low-pour fuel oil, lower production costs and enhance efficiency across Southwest industrial clusters.

The company is also extending gas distribution infrastructure from Sagamu to Abeokuta and has developed facilities within the Lekki Free Trade Zone to strengthen energy access for industries operating in the corridor.

Industry analysts say the combined impact of lower petrol prices and expanded CNG infrastructure could provide some relief for consumers and businesses, while supporting the federal government’s broader push toward gas as a transition fuel in Nigeria’s evolving energy mix.