For the second time in just over a week, Nigerian motorists are getting a small but welcome break at the pump, as major filling stations across the country slash petrol prices once more.
A check by DAILY POST on Monday found that MRS stations, backed by the Dangote Refinery, have cut the price of petrol to N1,210 per litre in Abuja and its environs, down from N1,260. That is a N50 reduction per litre, a significant move that signals a fresh wave of price adjustments rippling through the market.
The trend did not stop there. Along the busy Kubwa Expressway in Abuja, AA Rano and other filling stations followed suit, trimming their prices by N25 per litre to around N1,275. It appears the relief is spreading, albeit unevenly, as different outlets pass on savings at their own pace.
This latest round of cuts comes on the heels of an announcement from Dangote Refinery last week, which revealed reductions in the prices of both petrol and Automotive Gas Oil, commonly known as AGO. The refinery’s move appears to be the driving force behind the new pricing, as retailers adjust to reflect the lower supply costs.
Just eight days ago, MRS and several other stations had already reduced their prices by between N25 and N45 per litre. Now, with this second adjustment, the cumulative effect is becoming more noticeable for consumers who have been grappling with high fuel costs.
While the reductions are modest in the grand scheme of things, they offer a glimmer of hope that competition and refinery output may finally be easing the burden on everyday Nigerians. Whether this trend holds or deepens in the coming weeks remains to be seen, but for now, drivers can breathe a little easier at the forecourt.
