News Update
THE Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol at its outlets.
On Saturday, filling stations owned by the company in areas such as Zone 6, Kubwa Expressway, and Wuse Zone 4 began selling petrol for N910 per litre.
This marks a N30 drop from the previous price of N945 per litre.
This adjustment follows the recent move by Dangote Refinery, which slashed its ex-depot price to N840 per litre from N880 due to falling global crude oil prices.
Independent fuel marketers have also followed suit, lowering their petrol prices to between N930 and N940 per litre in Abuja, compared to the earlier range of N945 to N975.
In Lagos, the price has dropped to N890 from N925.
These changes are linked to the drop in international crude oil prices, which have started to reflect in the local fuel market.
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