NNPCL Has Reduced Petrol Price To N860/litre, Marketers ClaimYea

Nigerian National Petroleum Company Limited retail outlets have adjusted the petrol pump price to N860 per litre.
This comes a few days after the Dangote Refinery reduced its ex-depot petrol price from N890 to N825 per litre.
Though the adjustment was not communicated officially, our correspondent however observed the adjustments both in Lagos and Abuja as they adjusted their pumps to N860 per litre, from N945 and N960 as of Sunday.
The National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, confirmed the development.
“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 the portal,” the IPMAN leader said.
Also, the National President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, said, “They reduced the pump price earlier this morning but I’m yet to get the details.”
The Dangote Refinery announced a price cut last week Wednesday, setting another price regime for the petrol market in Nigeria.