The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, at its retail outlets in Abuja. The price has been adjusted from ₦935 to ₦910 per litre. This change was observed at the NNPC station in Wuse Zone 3.
This price adjustment follows a recent move by Dangote Petroleum Refinery, which reduced its ex-depot petrol price to ₦825 per litre. The reduction is part of an ongoing competitive dynamic in Nigeria’s downstream oil sector, aiming to provide economic relief to consumers.…….CONTINUE READING
It’s important to note that the new NNPC pump price of ₦910 per litre currently applies only to Abuja. Prices at NNPC outlets in Lagos and other regions remain unchanged.
The NNPC has indicated that further price adjustments may occur as new fuel supplies are procured at lower costs. This strategy reflects the company’s commitment to adapting to market dynamics and ensuring competitive pricing for consumers.
