NNPCL drops petrol price to N860/litre

NNPCL drops petrol price to N860/litre

NNPCL drops petrol price to N860/litre.

Retail outlets belonging to the Nigerian National Petroleum Company Limited have adjusted the petrol pump price to N860 per litre.

It has been observed that while there is no official communication from the NNPCL Retail yet, some stations in Lagos adjusted their pumps to N860 per litre, down from N945 as of Sunday.

This comes a few days after the Dangote Refinery reduced its ex-depot petrol price from N890 to N825 per litre.

NNPC spokesperson, Olufemi Soneye, did not respond to calls or messages regarding the development.

However, 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.