THE Nigerian National Petroleum Company Limited, NNPCL, has reduced the pump price of premium motor spirit, PMS.
The state-owned oil firm has slashed its petrol price to N895 per litre from N910.
Reports said that NNPCL filling stations at Kubwa Expressway, Central Business District, and Wuse Zone 4, Abuja, had adjusted their pumps to reflect the reduction.
Reacting to the petrol price cut, a motorist, Muhammad Ibrahim, said the development was expected as it would avail Nigerians more competitive prices.
“It is long expected because other filling stations have reduced their petrol prices,” he was quoted to have said in a report by DAILY POST.
The latest NNPCL retail price drop comes days after Dangote Refinery and its partners slashed their fuel price to N875 and N895 in Lagos and Abuja, respectively.
Other filling stations had reduced their petrol pump prices to between N900 and N910 per litre.
Earlier, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said marketers were now competing favourably with NNPCL following the liberalisation of the country’s downstream oil and gas sector.
