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NNPC reduced petrol pump prices at its retail outlets in both Lagos and Abuja, with Lagos recording the bigger cutThe price drop in Lagos brought the cost per litre down to N1,265, while Abuja motorists now pay N1,335 per litreIndustry analysts say the NNPC reductions could push other fuel marketers to lower their own pump prices to stay competitive
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 (NNPC) Limited has cut the pump price of petrol at its filling stations in Lagos and Abuja, offering some relief to motorists grappling with high living costs.
A market survey by Legit.ng showed that in Lagos, the reduction was the steeper of the two, with NNPC lowering its pump price by N35 per litre from N1,300 to N1,265.
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