Find out more as NNPC crashes petrol prices as depots lower rates

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NNPC Ltd reduced petrol prices in Lagos and Abuja, with Lagos seeing the steeper drop of N60 per litreSeveral private depot operators in Lagos also cut their rates after the Dangote Refinery slashed its gantry price on August 5Diesel prices fell sharply at multiple Lagos depots, with some operators recording reductions of up to N100 per litre

Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has cut petrol prices at its outlets, as competition among depot operators and domestic refiners continues to push rates lower across the country.

Legit.ng checks on Monday, August 10 showed that petrol now sells at N1,205 per litre in Lagos, down N60 from the previous rate of N1,265.

In Abuja, the pump price dropped by N15 to N1,280 per litre from N1,295.

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