The Nigerian National Petroleum Company Limited (NNPC) has reduced the price of petrol to N860 per litre.
This move follows a recent reduction by Dangote Refinery, which also lowered their fuel prices from N890 to N825 per litre.
Hammed Fashola, National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed the price reduction, calling it a positive development for Nigerians.
While the price change has not yet appeared on the official portal, NNPC has assured that updates are in progress.
“It is true, NNPC is selling petrol at N860 in the filling stations. Though this has not reflected on the portal, they told me they are working on updating the portal,” he said.
Checks revealed that some NNPC’s retail stations in Lagos have adjusted their pumps to N860 per litre from the previous N945 per litre.
This price cut is expected to bring some relief to consumers who have been facing high fuel costs for some time.
More to come..
