Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of its petrol barely 48 hours after an earlier hike across retail outlets.
Reports said that NNPCL retail outlets, on Wednesday, adjusted their fuel pump price downward to N900 per litre from N955.
The State-owned oil firm retail outlets in Gwarimpa, Kubwa Expressway, Wuse Zone 6, and Wuse Zone 4 have implemented the new petrol pump price as of Wednesday morning.
“On Tuesday we sold fuel at N955 per litre, but it is now N900,” an attendant working with the NNPCL retail outlet in Abuja said, anonymously.
This means that NNPCL reduced its petrol by N55 per litre after effecting a hike on Monday to N955 per litre.
Outside NNPCL retail outlets, Ranoil and Empire Energy filling stations in Gwarimpa, Abuja, have adjusted their fuel prices to N955 and N950 per litre, respectively, from N971 and N970.
Meanwhile, the managers of MRS filling stations in Abuja said their fuel pump price has remained at N885, the same price reported as of Tuesday.
The marketers had earlier blamed the recent fuel price hike across filling stations on the increase in the ex-depot prices of the product in Dangote Refinery and depots.