Nigerian National Petroleum Company Limited has reduced its premium motor spirit price for the second time in one week.
Its 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.
Retail outlets operated by NNPCL in Abuja, including locations along Kubwa Expressway, Gwarimpa, and Wuse Zone 4, have already updated their pumps to reflect the new pricing.
The latest adjustment comes barely a week after the company implemented a retail price slash
While NNPCL stations are now selling at ₦890 per litre, some private retailers associated with Dangote Refinery such as AP, Ardova, Optima, MRS, and Bovas are offering petrol at a slightly lower price of ₦885 per litre.
The Independent Petroleum Marketers Association of Nigeria’s National President Abubakar Maigandi stated earlier that fuel prices will continue to fluctuate because of the deregulation of the oil and gas downstream sector
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