NNPCL reduces fuel price by N95 after Dangote Refinery’s cut

The Nigerian National Petroleum Company Limited, NNPCL, has reduced its petrol price following Dangote Refinery’s announcement of a gantry price cut.

DAILY POST reports that NNPCL filling stations in Abuja and environs lowered their fuel pump price to N1,165 per liter on Wednesday, down from N1,260 per liter on Tuesday.

This represents a reduction of N95 per liter by the state-owned oil firm.

The adjusted pump price has been implemented at NNPCL filling station outlets in Jabi, Lifecamp, Wuse Zone 5, and Zone 4, as of filing this report, while Automotive Gas Oil (diesel) is sold at N1,535 per liter.

Similarly, other filling stations such as NIPCO, AP, and AA Rano now sell PMS at N1,195, N1,200, and N1,223 per liter, respectively.

A manager at MRS filling station, who preferred to remain anonymous, said the retail outlet would adjust its petrol price by N100 to N1,167 per liter from Thursday.

“We will reduce our petrol price to N1,167 per liter from Thursday,” he told DAILY POST on Wednesday.

Earlier, DAILY POST reported that Nigerian filling stations had slashed fuel prices by N20 per liter after Dangote Refinery lowered its gantry price to N1,075 amid a drop in crude oil prices.

As of filing this report, Brent and West Texas Intermediate crude stood at $91.76 and $86.86 per barrel, respectively.For more, Read Full; Original.