Connect with us

💃🔥 FUEL Pump Price Drops Few Days Into 2025; See NEW Rate Announced Today Across Nigeria

Victorious

Published

on

Follow
NAIJA NEWS: 💃🔥 FUEL Pump Price Drops Few Days Into 2025; See NEW Rate Announced Today Across Nigeria [New Naija News] » Naijacrawl
Photo: Naijacrawl

The Nigerian National Petroleum Company Limited (NNPCL) has recently reduced the cost of Premium Motor Spirit (PMS), also known as petrol, across its retail stations in Abuja.



The new price, which took effect recently, is₦1,040 per litre, down from₦1,060 per litre—a₦20 decrease. This price change was confirmed by DAILY POST reporters who visited several fuel stations in the Federal Capital Territory (FCT).

At one of the NNPCL stations along Kubwa Expressway, a station attendant confirmed the price reduction, stating, "The price dropped on Saturday morning." This modest reduction has sparked discussions among Abuja residents and business owners, many of whom see it as a small relief amidst the ongoing economic challenges. Over the past year, fuel prices in Nigeria have risen sharply following the removal of subsidies and fluctuations in global oil markets. These increases have contributed to inflation, driving up transportation costs and affecting the prices of goods and services nationwide.
While some Abuja residents welcome the price drop, others feel it doesn't go far enough. Joy Adebanjo, a local shop owner, shared, "It's good to see a decrease, but ₦20 won’t make much difference in the grand scheme of things." Similarly, civil servant Ibrahim Musa said, "The government needs to do more. Nigerians are struggling with high living costs."

In summary, although the ₦20 reduction in petrol prices brings some relief to consumers in Abuja, it remains a small gesture in the face of larger economic challenges. Nigerians continue to seek more significant measures to ease the rising cost of living.

Click Here To Comment




Ojo Sunday Victor is a graduate of Ladoke Akintola University of Technology, Ogbomoso, where he earned a Bachelor's degree in Accounting (B.Sc). He is a versatile professional with expertise in content writing, specializing i... Read More

Continue Reading
Click to comment

Be first to comment


Leave a Reply

Your email address will not be published. Required fields are marked *

Naija News

Don’t panic, no plans to increase fuel pump price to N700 – IPMAN

Victorious

Published

on

NAIJA NEWS: Don’t panic, no plans to increase fuel pump price to N700 – IPMAN [New Naija News] » Naijacrawl
Photo: Naijacrawl
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per liter nationwide.NAN reported that the Chairman of IPMAN Southwest Zone, Dele Tajudeen, made the clarification in an interview in Ibadan on Friday.He urged Nigerians to disregard the speculation and not engage in panic buying.Tajudeen stressed that the product’s p...
Continue Reading

Naija News

😲😱Petrol To Become N300? Popular Prophet Drops Shocking Revelation, Speaks On Fuel Price Adjustment; See What He Said

Victorious

Published

on

NAIJA NEWS: 😲😱Petrol To Become N300? Popular Prophet Drops Shocking Revelation, Speaks On Fuel Price Adjustment; See What He Said [New Naija News] » Naijacrawl
Photo: Naijacrawl
Primate Elijah Ayodele, the renowned leader of the INRI Spiritual Evangelical Church, has unveiled a series of bold prophecies about Nigeria's future, captivating the nation with his insights. Among his predictions is a significant drop in fuel prices, with costs expected to plummet to between N200 and N300 per litre within the next three to four years.While this forecast brings hope to many Nigerians, Ayodele cautioned that the reduction in fuel prices might not tr...
Continue Reading

Naija News

Global crude price tumbles to three-year low, as local fuel cost drops

Victorious

Published

on

NAIJA NEWS: Global crude price tumbles to three-year low, as local fuel cost drops [New Naija News] » Naijacrawl
Photo: Naijacrawl
Oil prices fell for the third consecutive day, tumbling nearly 3 percent to the lowest level in three years, signalling a further drop in local energy prices.This comes as Brent crude, the international benchmark, fell as low as $68.33 on Wednesday, the lowest since December 2021, according to the Financial Times.Similarly, West Texas Intermediate, the US crude blend, declined more than 4 percent to $65.22.The moves came after the US Energy Information Administratio...
Continue Reading

Latest


Download Naijacrawl App today

Fastest way to read on the go

Download the Naijacrawl App.