NNPCL Reduces Fuel Price As Dangote Refinery Supply Glitch Eases

The Nigerian National Petroleum Company Limited (NNPCL) on Saturday reduced the petrol pump price as supply challenges at the Dangote Refinery began to ease.

The state-owned oil firm adjusted the retail fuel price to N945 per litre, down from N955.

This means that NNPCL decreased its petrol price by N10 on Saturday.

The fresh price reduction has been implemented at NNPCL retail outlets in Gwarimpa and Wuse Zone 4.

Similarly, the Nigerian filling station in Abuja, Eterna, also recently reduced its pump price to N945 per litre.

This development follows improved fuel supply nationwide through the Dangote Refinery and petroleum product importers.

More than two weeks ago, a supply glitch at the Dangote Refinery led to a nationwide fuel price hike.

Recall that President Bola Ahmed Tinubu recently approved the implementation of a 15 per cent import tax on petrol and diesel, a move that may lead to increased fuel prices nationwide.