Nigerian National Petroleum Company Limited has reduced its premium motor spirit price for the second time in one week.
It was observed on Wednesday that the state-owned oil firm
has adjusted its petrol price to N890 per litre from N895.
This represents an N5 per litre downward price review when
compared to its earlier N895 pump price.
NNPCL retail outlets along Kubwa Expressway, Gwarimpa, Wuse
Zone 4, and others in Abuja have adjusted their pumps to the new price.
The latest adjustment comes barely a week after the company
implemented a retail price slash.
While NNPCL retail outlets dispense fuel at N890 per litre,
Dangote Refinery’s retail partners, such as AP Ardova, Optima, MRS, and Bovas
filling stations, sell at N885 per litre.
The Independent Petroleum Marketers Association of Nigeria’s
National President Abubakar Maigandi earlier said that fuel prices will
continue to fluctuate because of the deregulation of the oil and gas downstream
sector.
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