Business News
NNPCL slashes petrol price to N930 per litre
The Nigerian National Petroleum Company Limited, NNPCL, has reduced the pump price of premium motor spirit after Dangote Refinery and depot owners slashed their ex-depot rates.
A Very Nigerian correspondent who visited several filling stations in Abuja on Thursday confirmed that the state-owned oil firm has lowered its petrol price to N930 per litre, down from N945.
The new price has taken effect across NNPCL retail outlets along Kubwa Expressway, Gwarimpa, Wuse Zone 4, Zone 6, and other stations within Abuja and nearby areas. This marks a N10 reduction in the company’s fuel price.
Very Nigerian also noticed that other marketers have adjusted their prices. Ranoil filling station in Gwarimpa, for instance, reduced its pump price by N5 now selling at N935 per litre instead of the previous N940.
Similarly, MRS and AP Ardova filling stations in Abuja are currently dispensing their petrol between N930 and N935.
The development comes as Dangote Refinery and depot owners such as Pinnacle and Aiteo dropped ex-depot prices by at least N10 to N846, N845, and N844 per litre, respectively, as of Thursday morning.
Earlier, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Ukadike, told Very Nigerian that fuel prices may drop further as the ongoing petrol price war intensifies
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