Headline
NNPC slashes petrol price again
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), popularly known as petrol, for the second time in just one week.
As observed on Wednesday by a DAILY POST correspondent, the state-owned oil company adjusted the price from ₦895 to ₦890 per litre, marking a ₦5 per litre reduction.
Though marginal, the latest price cut offers a measure of relief for Nigerians who have been grappling with high fuel costs amid economic hardship and inflation.
NNPCL retail outlets along Kubwa Expressway, Gwarimpa, Wuse Zone 4, and others in Abuja have adjusted their pumps to the new price.
The latest adjustment comes barely a week after the company implemented a retail price slash.
While NNPCL retail outlets dispense fuel at N890 per litre, Dangote Refinery’s retail partners, such as AP Ardova, Optima, MRS, and Bovas filling stations, sell at N885 per litre.
The Independent Petroleum Marketers Association of Nigeria’s National President Abubakar Maigandi told DAILY POST earlier that fuel prices will continue to fluctuate because of the deregulation of the oil and gas downstream sector.
(DailyPost)
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