The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of its premium motor spirit aka petrol seven days after Dangote Refinery adjusted its petrol gantry price.
Reports said on Tuesday that NNPCL retail outlets in Abuja and environs have slashed their petrol to N1,260 per litre, down from N1,335. The new price represents a N75 cut per litre.
Reports from Abuja said the new price has been implemented at NNPCL retail outlets on Kubwa Expressway, Wuse Zone 6 (Berger), and Zone 4.
On June 16, Dangote Refinery reduced its petrol gantry price to N1,175 per litre, which triggered a drop in retail fuel nationwide as a result of reduced crude oil prices.