The Nigerian National Petroleum Company Limited, NNPCL, reduced its petrol pump price on Saturday as supply glitches at the Dangote Refinery eased.
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.
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