The Nigerian National Petroleum Company Limited (NNPCL) and several other filling stations have reduced the pump price of petrol across different parts of the country. The price cut has brought some relief to motorists who have struggled with high fuel costs in recent months.
Reports indicate that the new prices vary by location, with some stations adjusting rates downward to reflect improved supply and market competition. Many drivers welcomed the reduction, saying it could help reduce transport costs and ease pressure on household spending.
Industry observers believe the price drop is linked to better fuel availability, increased local refining activities, and ongoing adjustments in the downstream oil sector. They noted that consistent supply remains key to keeping prices stable nationwide.
Despite the reduction, consumers are urging the government and marketers to ensure transparency and prevent sudden price hikes. Many Nigerians hope the latest adjustment marks the beginning of more affordable and stable fuel pricing.
