NNPC petrol now N860/ litre
The Nigerian National Petroleum Company Limited (NNPC) has announced a reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre. This decision comes amid an intensifying price war among major marketers and independent petroleum dealers, as well as fluctuations in global crude oil prices. The new price, […]
fuel
The Nigerian National Petroleum Company Limited (NNPC) has announced a reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N860 per litre.
This decision comes amid an intensifying price war among major marketers and independent petroleum dealers, as well as fluctuations in global crude oil prices.
The new price, which took effect on Monday, marks a significant drop from the previous average of N920 per litre, offering relief to millions of Nigerians grappling with the high cost of living.
The reduction by NNPC, the country’s largest fuel supplier, has sparked a wave of competitive pricing among private marketers.
Dangote Petroleum Refinery and Petrochemicals Limited had last week reduced the ex-depot price of petrol from N890 per litre to N825.The reduction marks the second price cut in February