NNPC lowers petrol price from N1,335 to N1,299 per litre, sparking competition in the oil marketMRS filling stations recently cut petrol prices, prompting NNPC’s adjustmentDangote Refinery maintains Nigeria’s lowest ex-depot petrol price at N1,215 per litre
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, in a fresh move that is expected to intensify competition in Nigeria’s downstream oil market.
Checks across several NNPC retail outlets in Abuja showed that the state-owned oil company has lowered its petrol price from N1,335 per litre to N1,299 per litre, representing a N36 per litre reduction.
NNPC joins MRS and other filling stations to slash petrol prices. Credit: NovatisSource: Getty Images
The new price has already taken effect at NNPC filling stations in Lugbe, Kubwa Expressway, Wuse
