The Nigerian National Petroleum Company Limited (NNPC) has reduced its pump price of Premium Motor Spirit (PMS), also known as petrol, from N945 to N860 per liter.
This change comes a few days after the Dangote Petroleum Refinery reduced its ex-depot price, influencing market trends.
Daily Episode gathered that some NNPC’s retail stations in Lagos have adjusted their pump price to N860 per liter from the previous N945 per liter.
As of the time this report was filed, NNPC had yet to issue an official statement regarding the reduction.
Confirming the reduction in petrol price, Hammed Fashola, the Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), stated that it is a welcome development and a relief to Nigerians.
“It is true, NNPC is selling petrol at N860 in the filling stations. Though this has not been reflected on the portal, they told me they are working on updating it,” he said.
LIKE & FOLLOW US ON FACEBOOK, X, INSTAGRAM, LINKEDIN & YOUTUBE
