Nigerian National Petroleum Company Limited, NNPCL, has reduced
its retail price of Premium Motor Spirit.
It was observed on Saturday that NNPCL retail outlets along
Kubwa Express Way, Zone 4 Abuja, and Gudu, all in the Federal Capital
Territory, have adjusted their fuel pump price to N910 per litre from N935.
This showed that the state-owned firm reviewed its petrol
price downwards by N20.
The fresh price drop in NNPCL retail prices has resulted in motorists trooping to NNPCL filling stations as of Saturday.
The latest price drop by NNPCL retail outlets is the latest
outcome of the ongoing ‘price war’ in the downstream sector of the petroleum
industry.
MRS filling stations and other Dangote Refinery partners
currently sell petrol for N910 per litre.
Recall that Dangote Refinery announced a drop in its petrol
ex-depot price to N835 per litre.
Thereafter, the 650,000-barrel refinery announced that its
partners, including MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Techno
Oil, will sell petrol at N890 to N920 in Lagos, Abuja, and other parts of the
country.
The development caused price disruption in the country’s
petroleum downstream sector.
Other filling stations sell petrol between N930 and N950 per
litre, depending on the location.
On April 20, 2025, NNPCL reviewed its petrol retail price
downwards to N935 per litre.
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