This post was originally published on this site.
NNPC retail outlets reduced petrol pump prices from N1,170 to N1,110 per litre following cuts by Dangote Refinery and independent fuel marketersDangote Refinery’s ex-depot price dropped to N1,075 per litre after at least four reductions tied to falling global crude oil pricesIPMAN spokesperson said further price reductions are possible if crude oil prices decline and marketers lift supplies at lower landing costs
The Nigerian National Petroleum Company Limited (NNPCL) has reduced petrol prices at its retail outlets to N1,110 per litre, down from N1,170 per litre.
Checks by Legit.ng confirmed the new pricing at NNPC filling stations, a development that mirrors the Dangote Refinery’s latest gantry price of N1,075 per litre and also importers matching the refinery pricing with lower rates.
Nigerian motorists get relief as NNPC reduces petrol prices Photo:BloombergSource: Getty Images
Data obtained from Petroleumprice.ng showed that Aiteo is offering petrol at N1,074 per litre, the lowest price among major depots.
Meanwhile, African
