Nigerian National Petroleum Company Limited (NNPCL), has reduced its Premium Motor Spirit (PMS), price seven days after Dangote Refinery adjusted its petrol gantry price.
A market survey on Tuesday morning revealed that NNPCL retail outlets in Abuja and environs have slashed their petrol to N1,260 per litre, down from N1,335.
This means the state-owned firm cut its fuel price by N75 per litre.
The new price has been implemented in NNPCL retail outlets on Kubwa Expressway, Wuse Zone 6 (Berger), and Zone 4 in Abuja as of filing this report.
Recall that on June 16, Dangote Refinery reduced its petrol gantry price to N1,175 per litre, which triggered a drop in retail fuel nationwide as a result of reduced crude oil prices.
Earlier, MRS and other Nigerian filling stations sell between N1,241 and N1,300 per litre across Abuja.
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