NNPCL Lowers Petrol Price to N1,405 per Liter in Abuja
NNPCL reduced petrol prices at select Abuja stations to N1,405 per litre from N1,430 per litre
In Brief
- •NNPCL reduced petrol prices at select Abuja stations to N1,405 per litre from N1,430 per litre
- •Stations on Kubwa Expressway, Air Junction and Wuse Zones 4 and 5 kept prices at N1,395 per litre
- •Price variation across NNPCL outlets is N10 per litre
- •Other Abuja stations such as MRS, Ranoil, AA Rano and Empire Energy were selling petrol between N1,395 and N1,430 per litre
- •Dangote Refinery had cut its gantry price to N1,325 per litre the week before
Why It Matters
The adjustment reflects the impact of global crude oil prices—$92 per barrel for WTI and $104 for Brent—on local fuel costs. A N10 reduction can ease transportation expenses for commuters and businesses in the capital, potentially influencing economic activity and consumer spending. Monitoring such price shifts helps gauge the effectiveness of government and corporate strategies to mitigate fuel inflation in Nigeria.
Key Details
- Petrol price in Gwarimpa
- N1,405 per litre
- Petrol price on Kubwa Expressway
- N1,395 per litre
- Price variation across NNPCL stations
- N10 per litre
- Dangote Refinery petrol price
- N1,325 per litre
- WTI crude price
- $92 per barrel
Original Reporting & Sources
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