The Nigerian National Petroleum Company Limited has lowered the pump price of premium motor spirit following a reduction in ex-depot prices by Dangote Refinery and other depot operators.
According to Daily Post, a correspondent who went round filling stations in Abuja on Thursday, found that the state-owned firm has slashed its fuel price to N930 per litre from N945.
The downward adjustment has been implemented in NNPCL retail outlets in Kubwa Expressway, Gwarimpa, Wuse Zone 4, Zone 6 and filling stations within Abuja and environs.
This means that NNPCL reduced its fuel retail price by N10 per litre.
It was also observed that other Nigerian filling stations, such as Ranoil in Gwarimpa, have reduced fuel pump prices by N5 to N935 per litre from N940.
Similarly, MRS and AP Ardova filling stations in Abuja are currently dispensing their petrol between N930 and N935.
The development comes as Dangote Refinery and depot owners such as Pinnacle and Aiteo dropped ex-depot prices by at least N10 to N846, N845, and N844 per litre, respectively, as of Thursday morning.
Earlier, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Ukadike, told Daily Post that fuel prices may drop further as the ongoing petrol price war intensifies.
