Business

NNPCL drops fuel price

News Update

THE Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price for the second time in less than two weeks.

A market survey by Online Newspaper on Sunday showed that the state-owned filling station has adjusted its petrol price to N1,150 per litre down from N1,210.

The latest reduction means that NNPCL brought down its fuel price by N60.

Between June 27 and July 5, 2026, NNPCL has dropped fuel prices by N110.

NNPCL’s latest petrol price reduction comes barely three days after Dangote Refinery announced its fourth gantry fuel rate cut to N1,075 per litre.

Earlier, Media reported that NIPCO, AA Rano and Ranoil filling stations dropped their fuel price to between N1,205 and N1,240 per litre.

The drop in both gantry and retail fuel prices comes as Brent and West Texas Intermediate crude oil prices fell to $72 and $68 per barrel at the time of reporting.

VAM News

Recent Posts

Ondo governor Aiyedatiwa names 1,004 aides, picks commissioner, three advisers

News Update Towards strengthening governance and enhancing service delivery to the people of Ondo State,…

29 minutes ago

24th Inaugural Lecture: Redeemer’s University Don Proffers 5 Priority Solutions to Gender and Humanitarianism in Nigeria

24th Inaugural Lecture: Redeemer’s University Don Proffers 5 Priority Solutions to Sexual and Gender-Based Violence…

2 hours ago

Engr. Adebiyi Adeyeye FNSE at 50: A Golden Journey of Leadership and Impact

Today, we celebrate not merely the passage of five remarkable decades, but the life, leadership,…

5 hours ago

Tinubu makes fresh appointment

President Bola Tinubu has appointed Mr Abel Olumuyiwa Enitan as the Head of the Civil…

9 hours ago

60-Year-Old Man Killed In Gang Clash Following Adeleke, Davido’s Visit To Osogbo Palace

THE Osun State Police Command has commenced a full-scale investigation into the shooting and killing…

11 hours ago

Ex-Ondo Reps member ‘Small Alhaji’ dumps APC, reaffirms commitment to President Tinubu’s re-election

NEWS UPDATE A former member of the House of Representatives, Tajudeen Adefisoye, popularly known as…

20 hours ago