The cut in price by the privately-owned refinery comes despite rising crude oil prices driven by ongoing tensions in the Middle East.
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The demand by the labour union was contained in a statement issued and signed by Joe Ajaero, President of the NLC, Sunday.
The petrol was intercepted by the NCS Special Anti-Smuggling Taskforce, Operation Whirlwind, in the Calabar axis of Cross River.
It said this following the commencement of its nationwide sale of petrol at N739 per litre at MRS Oil Nigeria Plc filling stations.
Segun Ajayi-Kadir, the Director-General of MAN, stated this in a statement he issued to newsmen on Wednesday in Lagos State.
In a letter dated October 21, 2025, reported publicly on October 30, 2025, and addressed to the Federal Inland Revenue Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Tinubu directed immediate implementation of the tariff as part of what the government described as a “market-responsive import tariff framework.”
The announcement was contained in a statement by the Group Chief Branding and Communications Officer, Anthony Chiejina, late on Tuesday
The announcement was made by the 650,000 barrels per day refinery in a statement made available to newsmen on Sunday.
Following the announcement, this means the new price is set at N835 per litre, down from N865 per litre, marking a 3.5 percent decrease.
Following the announcement, this means the new price of petrol is a reduction of N15 from N880 per litre sold by the facility on Wednesday.
This was made known on Wednesday in Abuja as it was also revealed that consumption of petrol had declined to 50 million litres daily.
Many others sustained various degrees of injury.
A statement by NNPCL’s Chief Corporate Communications Officer, Femi Soneye, on Tuesday, described the milestone as the fulfilment of NNPCL’s pledge of re-streaming the Port Harcourt Refining Company (PHRC), signalling the commencement of crude oil processing from the plant and delivery of petroleum products into the market.
The hike in price was noticed on Tuesday at the petrol stations run by the national oil firm by buyers who made this known on social media.
President Tinubu said this on Tuesday at the Presidential Villa, Abuja when he met with the management team of NIPCO Plc.
The increase in the price of petrol, which came on Wednesday, was noticed at the pumps at all NNPCL depots in Lagos State
The President of the association, Festas Osifo, offered the explanation when he spoke with newsmen in Lagos on Tuesday.
The Executive Vice-President, Downstream of the NNPC, Adedapo Segun, offered the explanation when he spoke with newsmen.
The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, made the revelation to Daily Trust newspaper on Sunday.
The group spoke in a statement issued by its Executive Secretary, Benjamin Udechukwu, and made available to newsmen.