By Adenike Lawal
Fuel consumers in Abuja enjoyed some relief on Tuesday as several filling stations, including those operated by the Nigerian National Petroleum Company Limited NNPCL, adjusted their pump prices downward.
A market survey across locations such as Kubwa Expressway, Wuse Zone 4, and Wuse Zone 6 showed that NNPCL retail outlets reduced the price of Premium Motor Spirit PMS from ₦910 to ₦895 per litre.
The ₦15 drop marks a significant move by the state-run oil firm amid growing calls for lower fuel prices.
MRS filling stations, affiliated with the Dangote Refinery, went further by cutting their pump price by ₦25 from ₦910 to ₦885 per litre-intensifying the shift in the capital’s fuel market dynamics.
Other independent marketers also made adjustments. Empire Energy and Ranoil reduced their prices to ₦915 and ₦910 per litre respectively, down from ₦935 and ₦920.
The reductions come shortly after reports emerged that petroleum marketers were planning a coordinated price cut across the Federal Capital Territory.
Marketers reportedly agreed to peg petrol prices between ₦900 and ₦920 per litre, citing supply adjustments and cost changes at the depot level.
The trend is being driven in part by two ex-depot price reductions announced by Dangote Refinery in July, which appear to be influencing retail pump prices positively.
While the latest cuts offer consumers short-term relief, analysts say long-term price stability in the downstream sector will depend on broader reforms and consistent fuel supply.
