NNPC Reduces Petrol Price Per Litre The reduction was validated based on observations from some retail outlets of the NNPCL, which have adjusted their meters accordingly.
Though there is no official communication on the price reduction yet, some fuel marketers affirmed the development to newsmen.
The National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Hammed Fashola, informed Punch that the NNPCL is working on updating its portal with the new price.
“It is authentic, NNPC is selling petrol at N860 in the filling stations. Though this has not been reflected on the portal, they informed me they are working on updating the portal,” the IPMAN leader disclosed.
Also, the National President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, affirmed the price reduction.
He revealed, “They reduced the pump price earlier this morning but I’m yet to get the details.”
Recall Dangote, previous week Wednesday, announced a N65 reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol.
The reduction in the ex-depot price from N890 to N825 per litre took effect on 27th February 2025.
Under the new arrangement, buyers in Lagos would purchase fuel at N860 per litre at MRS outlets.
Regards to NaijaNews
Category: World-News
Tag: NNPC Reduces Petrol Price Per Litre
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Published 3/3/2025