2026-01-01 06:05:00
According to Punch, NNPC Ltd reported ₦502bn profit after tax for November 2025, extending its profitability streak amid shifting market conditions.
Reporting by the outlet indicates gas output and infrastructure availability supported performance, even as upstream volumes remained constrained.
The same report linked the downstream “price war” to NNPC retail cuts that pushed PMS prices below ₦800/litre in some locations, intensifying competition.
TheCable also reported the monthly performance, quoting the profit figure and noting output movement in November 2025.
APA News similarly referenced the update and quoted language attributing results to improved gas production and stronger trading performance.
Echotitbits take:
If NNPC keeps pricing aggressively to defend market share, watch for tighter station supply cycles, margin compression across marketers, and renewed debate on how “deregulated” pricing should work when the biggest player also plays stabilizer.
Source: The Punch — January 1, 2026 (https://punchng.com/nnpc-posts-n502bn-profit-cuts-petrol-below-n800-litre/)
The Punch 2026-01-01
Photo Credit: The Punch
