NNPCL Reduces Petrol Price
The Nigerian National Petroleum Company Limited has reduced the pump price of petrol, bringing the cost down to ₦1,210 per litre in Lagos and ₦1,260 per litre in Abuja.
The adjustment is expected to provide some relief to motorists and consumers.
The new prices were introduced at NNPCL retail outlets as part of the latest changes in the downstream petroleum market.
The reduction comes amid ongoing competition among major fuel suppliers across the country.
The move is expected to influence fuel prices in other locations as marketers review their rates.
Industry observers say the development could affect transportation costs and spending by households and businesses.
The latest adjustment adds to recent price changes in the sector as operators respond to market conditions, supply trends and competition within Nigeria’s fuel industry.
