Energy in Brief: 3 November 2026
NNPC trims its Lagos pump price, DisCos sell less grid power as solar spreads, and the AKK pipeline gets a new date for Abuja.
In 30 seconds
- NNPC stations cut petrol in Lagos to ₦1,355 a litre and in Abuja to ₦1,405, Legit.ng reported.
- The landing cost of imported petrol fell to ₦1,239.92 a litre on 30 October, MEMAN data show.
- DisCos billed 9.9% less electricity in the second quarter than a year earlier.
- NNPC says AKK gas should reach Abuja before the end of 2026.
The day's energy news in a few minutes.
Petrol
NNPC filling stations in Lagos now sell petrol at ₦1,355 a litre, down ₦10, Legit.ng reported on Monday. That undoes the previous week's rise. In Abuja the price fell to ₦1,405 from ₦1,410.
Depot prices in Lagos also eased. Six depots quoted between ₦1,255 and ₦1,260 a litre on 30 October, down from about ₦1,300 shortly before, according to Vanguard figures cited by Legit.ng.
The cost of landing imported petrol fell to ₦1,239.92 a litre on 30 October, MEMAN data show. Our explainer sets out what landing cost means for your pump price.
Power
The 11 DisCos billed 5,812.31 GWh in April to June, 9.9% less than a year earlier, The Guardian reported from NERC data. More homes and shops are turning to solar, though no national data yet ties the two together. Read the full story.
The federal government's electricity subsidy for the quarter was ₦321.26bn, ThisDay reported, down ₦37.06bn on the first quarter.
Gas
NNPC chief Bayo Ojulari said gas from the AKK pipeline should reach Abuja before the end of 2026, then Kaduna and Kano. He also set a goal of more than 1,000 CNG stations by the end of 2027. Read more.
Cooking gas use ran about a third above the official benchmark in September, regulator figures show. We looked at whether that means a shortage.
Oil
Bidders in the 2026 licensing round must name their beneficial owners. We explain what that rule will and will not show.
What it means for you
Petrol is drifting down slowly, but only by a few naira at a time. If you drive a lot, it is worth comparing stations this week.
Gas is the one to watch into December, with demand above supply and depot stocks thin.
Sources
- Legit.ng: No more ₦1,365, NNPC reverses increase, announces new petrol pump prices (2 Nov 2026)
- Legit.ng: Petrol price update, import cost drops (2 Nov 2026)
- ThisDay: Discos' Q2 revenue hits ₦603bn as FG incurs over ₦321bn subsidy debt (6 Oct 2026)
- The Guardian Nigeria via Solar Now: Solar uptake tests DisCos' revenue model (3 Nov 2026)
- Energy Connects: Nigeria ramps up oil and gas production (3 Nov 2026)
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