The Nigerian National Petroleum Company (NNPC) Limited has
reduced the pump price of premium motor spirit (PMS), better known as petrol,
to N915 per litre in Lagos and N955 per litre in Abuja.
It was observed on Monday that NNPC retail outlets sold the
product for N915 per litre in Lagos — a N50 increase from the previous price of
N865 per litre.
In Lagos, the price of the product rose to N915 per litre at
the national oil company’s Abule Ado retail branch.
Similarly, at two NNPC retail outlets on the Ago Palace Way,
Okota, the price of petrol was revised upward to N915 per litre.
Also, NNPC retail outlets increased the price of the product
to N955 per litre in Abuja from the previous price of N890 per litre.
The price of petrol increased to N955 per litre at the NNPC
retail station at the Kubwa Expressway, Abuja.
On July 31, the National Bureau of Statistics (NBS) said
residents of Jigawa, Ondo, and Lagos paid the highest retail price of petrol in
June.
Conversely, Yobe, Kogi, and Imo paid the lowest average
retail price at N950.60, N986.67, and N987.86, respectively, according to the
bureau.
Last month, Dangote refinery reduced its ex-depot price of
petrol to N820 per litre — a week after it slashed the price to N840.
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