The Nigerian National Petroleum Company Limited (NNPCL) has recently reduced petrol prices across its retail outlets, sparking widespread attention and discussions nationwide. In Lagos, the pump price has been adjusted to ₦880 per litre, while in Abuja, it has been reduced to ₦935 per litre.
This price adjustment follows a similar move by the Dangote Refinery, which lowered its ex-depot petrol price to ₦835 per litre. The competitive pricing between NNPCL and Dangote Refinery has led to a significant decrease in fuel prices, benefiting consumers across the country.
In addition to the price reductions, NNPCL has opened new filling stations in Abuja and Bauchi States, offering free petrol to early customers as part of the launch celebrations. This initiative has been well-received by motorists, who are experiencing relief from the high fuel costs that have burdened them in recent months.
The ongoing price competition between NNPCL and Dangote Refinery is expected to continue influencing fuel prices, with consumers reaping the benefits of more affordable petrol.
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