Petroleum retailers and marketers have indicated that Nigerians may see further reductions in the price of premium motor spirit, as the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery have initiated a new price competition following recent fuel price decreases by both entities.
Papers News reported that NNPC announced its updated petrol prices on Monday, setting the price of petrol per litre at ₦860 and ₦880 in Lagos, the Federal Capital Territory, Abuja, and nationwide.
Reports revealed that the NNPCL retail stations along the Kubwa expressway in Abuja and the Central Business District near the company’s headquarters have begun displaying the new pump price of ₦880 per litre.