Fuel Prices Drop in Abuja as Landing Costs Decrease

Filling stations in Abuja have reduced fuel prices as the landing cost of petrol continues to decline below major refinery ex-depot prices. This adjustment comes after President Bola Tinubu approved a 15% import duty tax reduction on petrol and diesel to support local refineries.

Major market players like NNPC, Dangote Refinery, NIPCO, AA Rano, and Eterna (NGX: ETERNA) Energy have adjusted their pump prices in response to the changing market trends.