Business
NNPCL reduces fuel price
The Nigerian National Petroleum Company Limited, NNPCL, has reduced its premium motor spirit price.
Our correspondent gathered that the NNPCL retail outlets in Abuja on Saturday slashed their petrol pump price to N910 per litre from N945.
This was the case in NNPCL filling stations in Zone 6, Kubwa Expressway, Wuse Zone 4, and other parts of Abuja.
The new petrol price at the state-owned oil firm represents a N30 drop from its earlier N945 per litre price.
The development comes barely four days after Dangote Refinery reduced its petrol ex-depot price to N840 per litre from N880 following a drop in global crude oil prices.
Members of the Independent Petroleum Marketers Association also announced a reduction in the petrol price to between N930 and N940 per litre from N945 and N975 in Abuja and N890 per litre, down from N925 in Lagos State.
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