BREAKING: NNPCL REDUCES PETROL PRICE TO N965 IN ABUJA
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Premium motor spirit, also referred to as gasoline, is now sold at N965 per liter in the Federal Capital Territory.
The Nigerian National Petroleum Company Limited implemented the new price at all of its retail locations in the capital city on Monday, much to the satisfaction of its patrons, according to checks conducted on Monday.
Compared to N1,060 earlier this month, the new number is the second price decline in less than two weeks.
The product was sold for N965 per litre at its mega station, which is situated along Wuse Zone 4 and Olusegun Obasanjo Way in Central Area. Commuters rushed to join the lengthy line.
A driver who confirmed the price drop applauded the national oil firm but called for a uniform across all stations for easy access.
He said, “Yes, NNPC has reduced its price to N965. I bought it this morning, but the queue is too long. Maybe because other stations are selling at a different price.”
However, independent and major marketers sold their products between N1,030 and N1,070 across various locations visited by our correspondent.
Recall that the Independent Petroleum Marketers Association of Nigeria said on Sunday that, in accordance with the most recent agreement with the Dangote Petroleum Refinery, gasoline would be sold for N935 per liter starting on Monday (today).
Maigandi Garima, the national president of IPMAN, stated that the uniform arrangement and the decrease in the ex-depot price of gasoline at the Dangote refinery will allow marketers to sell for N935 in their outlets across the country, with a N36 logistical cost.
More details soon…
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