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NNPC has reduced the pump price of petrol in Abuja from N1,260 to N1,210 per litre, marking its second price cut within a week. The reduction follows Dangote Refinery’s decision to lower its ex-depot petrol price to N1,125 per litre, increasing competition in the downstream market. The latest price cuts are linked to declining global crude oil prices and have raised expectations of further reductions in petrol prices across Nigeria.
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, for the second time within a week, further intensifying the ongoing price competition in Nigeria’s downstream petroleum sector.
A market survey conducted on Saturday showed that several NNPC retail stations in Abuja, including outlets around Airport Junction and Wuse Zone 6 (Berger), have lowered
