Key Points
- NNPCL trims pump price at company stations this weekend. Move reflects easing supply from Dangote and importers.
- Abuja outlets show new rate already in effect. Other marketers match price to keep sales steady.
- Analysts warn fresh tax could push costs upward. Pump rates may rise if levies bite soon.
The Nigerian National Petroleum Company Limited has cut petrol prices by ₦10. The change follows better product supply across key cities.
New prices apply at NNPCL stations in Abuja, including Gwarimpa. Wuse Zone 4 outlets also reflect the lower rate. Earlier Dangote refinery petrol price cuts helped ease pump costs.
What changed at the pumps
Company stations now list ₦945 per litre for petrol. The step reverses part of recent price spikes.
Staff at several outlets confirmed the new screens on Saturday. Queues looked shorter than last week in many suburbs.
Other marketers are moving in the same direction today. Eterna and others now list ₦945 at select outlets. Deals shift quickly as supply firms up across zones.
Why the price could wobble
Analysts still see risks that may lift pump rates soon. A new import tax could raise costs along the chain. They point to taxes, freight, and exchange swings.
IPMAN has also warned of upward pressure if supply tightens. Its petrol price rise plan showed how shocks spread quickly.
For now, Dangote Refinery shipments look steadier this week. Import runs add slack that helps smooth last-mile delivery. The company plans more direct drop-offs to big buyers.
Abuja residents report fewer closed pumps across key routes. Retailers say they expect more trucks from depots this week.
Regulators have not issued a fresh price template for now. NNPCL says retail teams will keep watching market signals.
If costs jump again, prices may revert at short notice. For now, the drop offers small relief for daily travel.
Lagos and nearby states saw smaller changes at the pumps. Border towns still show mixed rates due to freight gaps.
Marketers cite faster depot loading since midweek deliveries resumed. Tanker turnarounds look tighter as queues shrink at gates. Drivers reported quicker checks and fewer delays on routes.
Consumers remain cautious after weeks of price whiplash across cities. Many plan smaller trips until trends look firm.
NNPCL has not shared a timeline for further reductions. The firm says it will watch stock levels closely.
Depot managers urge calm as supply clears pending orders. They expect normal runs if shipments hold next week
