News Update

THE Nigerian National Petroleum Company Limited (NNPCL) has reduced its ex-depot prices of Premium Motor Spirit, petrol to N899 from N1020 per litre for oil marketers.

Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, spokesperson Joseph Obele disclosed this in a statement on Saturday.

A document released by the NNPC commercial department shows the latest reduction based on the regional pricing scheme as follows: Lagos, N899.0; Warri, N970.0; Oghara, N970.0; Port Harcourt, N970.0 and Calabar, N970.0.

The price reduction by NNPC is in response to the recent price adjustment announced by Dangote Refinery.