A visit to various NNPCL retail outlets in the Federal Capital Territory revealed adjustments in pump prices from the previous N910 per litre to N895—a N15 reduction. Stations along Kubwa Expressway, Wuse Zone 4, Wuse Zone 6 (Berger), and other prominent locations were observed displaying the new, lower rates.
The price cut aligns with broader moves among major players in the market. MRS filling stations, a retail partner of Dangote Refinery, slashed their own petrol price more aggressively, dropping it by N25 to N885 per litre from N910.
Other independent marketers in Abuja also adjusted their pump prices. Ranoil and Empire Energy reduced prices to N910 and N915 per litre respectively, down from the previous range of N920 to N935.
The wave of reductions follows recent indications from petroleum products marketers of plans to ease petrol prices to between N900 and N920 per litre in the capital.
Industry observers note that the pricing changes come on the heels of Dangote Refinery’s recent reductions in its ex-depot petrol price, which it has reviewed downward twice in July so far. The refinery’s adjustments have fed through to retail prices as marketers respond to lower wholesale costs.
While the cuts offer some relief to consumers who have faced sustained high fuel prices since deregulation, analysts caution that volatility in the naira exchange rate and international crude oil prices continue to influence local pump prices.
NNPCL’s latest move also signals ongoing efforts by state-backed retailers to stabilise supply and moderate the impact of price fluctuations on motorists in Nigeria’s capital city.
For many Abuja residents, even relatively small reductions provide a measure of short-term respite as transportation costs and inflation continue to strain household budgets.
Market watchers will be keeping a close eye on whether these latest cuts herald a broader trend of sustained easing in petrol prices across the country, or simply reflect temporary adjustments in response to supply dynamics and competitive pressures among marketers.