Juliet Ezeh
Major petrol stations in Abuja have cut pump prices following recent adjustments by the Nigerian National Petroleum Company Limited and Dangote Refinery, offering much-needed relief to motorists amid persistent fuel market volatility.
Checks by The Pilot revealed that Mobil, NIPCO, AP Ardova, and Eterna now sell petrol between N1,280 and N1,296 per litre, down from previous rates of N1,370–N1,390. This translates to a reduction of N90–N94 per litre for retail consumers.
The move follows NNPCL’s earlier reduction to N1,295 per litre and Dangote Refinery’s gantry price cut of N85 to N1,200 per litre, implemented after a series of price hikes in March linked to global crude oil market instability caused by tensions in the Middle East, particularly the Iran and United States-Israel conflict.
Energy analysts note that while these cuts provide temporary relief, the retail price of petrol remains vulnerable to fluctuations in international oil markets. The recent adjustments underscore the ongoing efforts of key stakeholders to stabilize domestic fuel pricing and protect consumers from extreme price shocks.
