Relief as NNPC Announces New Petrol Price Nationwide
Relief as NNPC Announces New Petrol Price Nationwide
The Nigerian National Petroleum Company (NNPC) Limited has cut the pump price of petrol at its filling stations in Lagos and Abuja, offering some relief to motorists grappling with high living costs.Geographic Reference
A market survey by Legit on Sunday, August 2 showed that in Lagos, the reduction was the steeper of the two, with NNPC lowering its pump price by N35 per litre from N1,300 to N1,265.
In the Federal Capital Territory, the state-owned company brought the price down by N15 per litre, from N1,350 to N1,335
The new prices have since taken effect at several NNPC outlets across both cities.
Other filling stations reduce
MRS filling stations have also cut petrol pump prices across parts of Nigeria, following the latest downward review in the retail market.Geographic Reference
In Abuja, MRS stations in Kubwa and along the Lugbe Expressway have reduced the pump price of petrol by N40 per litre, from N1,305 to N1,265 per litre.
AA Rano filling stations have also adjusted their prices in the Federal Capital Territory, lowering petrol by N30 per litre from N1,330 to N1,300 per litre.
The latest reductions mean motorists in Abuja can now buy petrol for between N1,265 and N1,300 per litre at MRS and AA Rano stations, down from previous prices of N1,305 and N1,330 per litre, respectively.
Dangote free petrol delivery
The development comes as the Dangote Petroleum Refinery has introduced a free petrol delivery programme for fuel marketers across six Nigerian states, with the product priced at N1,075 per litre in the first phase of the initiative.Geographic Reference
A notice issued by the refinery outlined the scheme, which forms part of the company’s broader Vision 2030 strategy to strengthen fuel supply logistics and improve access to petroleum products nationwide, Punch reports.
The announcement comes days after the refinery opened the sale of petrol to all licensed marketers, ending its previous consortium marketing arrangement.
