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The Nigerian National Petroleum Company Limited, NNPCL, reduced its petrol pump price on Saturday as supply glitches at the Dangote Refinery eased.
The Eastern Updates reports that the state-owned oil firm adjusted the retail fuel price to N945 per litre, down from N955.
This means that NNPCL decreased its petrol price by N10 on Saturday.
The fresh price reduction has been implemented at NNPCL retail outlets in Gwarimpa and Wuse Zone 4.
Similarly, the Nigerian filling station in Abuja, Eterna, also recently reduced its pump price to N945 per litre.
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This development follows improved fuel supply nationwide through the Dangote Refinery and petroleum product importers.
More than two weeks ago, a supply glitch at the Dangote Refinery led to a nationwide fuel price hike.
Recall that President Bola Ahmed Tinubu recently approved the implementation of a 15 per cent import tax on petrol and diesel, a move that may lead to increased fuel prices nationwide.
President and Chief Executive of Dangote Group, Aliko Dangote, has broken ground on a $2.5 billion fertiliser complex in Gode, southeastern Ethiopia, marking one of the continent’s most ambitious industrial investments.
According to a statement from Dangote Group, the project is a joint venture between the conglomerate and Ethiopian Investment Holdings (EIH). Designed to produce up to three million metric tonnes of urea annually, the plant is expected to rank among the world’s largest fertiliser facilities once completed.
Strategically situated near the Hilal and Calub gas reserves, the plant will utilise Ethiopia’s natural gas resources to expand agricultural output, generate employment, and strengthen food security across the Horn of Africa. The statement described the venture as a “transformative catalyst” for regional growth and cross-border trade.
