The Nigerian National Petroleum Company Limited (NNPCL) has slashed the pump price of petrol following the resolution of recent supply disruptions at the Dangote Refinery.
As of Saturday, the state-owned oil company reduced the retail price of petrol to N945 per litre, down from N955, marking a N10 decrease.
The new price has already taken effect at NNPCL retail stations in Gwarimpa and Wuse Zone 4 in Abuja. Similarly, the Eterna filling station in the nation’s capital also adjusted its rate to N945 per litre.
The price cut comes after a notable improvement in nationwide fuel supply from the Dangote Refinery and other petroleum importers.
Over two weeks ago, a temporary supply glitch at the refinery had triggered a spike in petrol prices across the country.
Meanwhile, President Bola Tinubu recently approved a 15 per cent import tax on petrol and diesel — a policy move analysts warn could still push fuel prices higher in the long run.
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