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NNPCL reduces pump price by ₦10 following supply recovery.
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Retail outlets in Abuja adjust to ₦945 per litre.
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Dangote Refinery regains steady flow after two-week supply glitch.
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol across its retail outlets as supply from the Dangote Refinery improves.
Checks on Saturday revealed that the state-owned oil firm slashed its petrol price from ₦955 to ₦945 per litre, marking a ₦10 reduction in response to easing supply pressure.
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The new price has already taken effect at NNPCL stations in Gwarimpa and Wuse Zone 4, Abuja, with similar adjustments observed at other filling stations, including Eterna, which also dropped its rate to ₦945 per litre.
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The adjustment follows a significant improvement in national fuel supply after a brief disruption at the Dangote Refinery that caused a spike in prices across the country two weeks ago.
Energy market analysts say the latest move by NNPCL may ease pressure on transport costs and consumer prices, especially in major urban centres.
However, observers have cautioned that fuel prices could rise again following President Bola Ahmed Tinubu’s approval of a 15 per cent import tax on petrol and diesel, a policy expected to influence downstream market dynamics in the coming weeks.
The Dangote Refinery, Africa’s largest, resumed consistent product distribution this week after resolving operational bottlenecks that disrupted nationwide supply.
