The Nigerian National Petroleum Company Limited (NNPCL) has announced a fresh reduction in the pump price of petrol following improved supply from the Dangote Refinery.

The company adjusted the price at its retail outlets from ₦955 to ₦945 per litre, a ₦10 drop, which took effect on Saturday. The new price is now being implemented across key NNPCL filling stations, including those located in Gwarimpa and Wuse Zone 4 areas of Abuja.

Other independent marketers, such as Eterna filling station, have also revised their prices to match the new rate, signalling a wider adjustment in the market.

The price cut follows weeks of supply disruptions linked to a temporary glitch at the Dangote Refinery that caused a nationwide spike in petrol prices. However, with production and distribution now stabilised, fuel availability has improved across the country.

Industry insiders said the refinery’s restored output, alongside increased imports from private marketers, has helped ease pressure on supply and allowed for downward price adjustments.

This comes shortly after President Bola Tinubu approved a 15 per cent import duty on petrol and diesel, a move experts warn could lead to higher prices in the near future despite the current relief.

NNPCL, however, assured consumers that it remains focused on maintaining stable fuel supply and preventing future shortages.