In a major development for motorists and businesses, the Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the petrol price to ₦935 per litre in Abuja.
This price cut follows recent adjustments made by the Dangote Refinery, which has begun to influence market rates across the country.
The new pricing, effective immediately, reflects efforts to stabilize fuel costs and ease the burden on consumers facing high living expenses. Before this adjustment, petrol prices had hovered around ₦1,000–₦1,200 per litre in some areas, causing widespread concern…..CONTINUE READING
NNPCL officials have stated that further reductions could be possible as local refinery production increases, reducing Nigeria’s dependence on imported fuel.
While the price drop is currently most visible in Abuja, other states are expected to experience similar adjustments in the coming weeks, depending on logistics and supply chain factors.
Industry experts believe this move could be a significant step toward achieving sustainable, locally-driven energy pricing in Nigeria.
Stay tuned to VerifiedGist.com for updates on petrol prices and economic news across Nigeria.
