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NNPCL Cuts Petrol Pump Price to ₦835 Per Litre Nationwide as Dangote Refinery Price War Intensifies
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol to about ₦835 per litre across major cities, down from ₦915. NNPCL outlets in Lagos now sell between ₦838 and ₦840 per litre, while Abuja stations are pegged at ₦835. The price drop follows aggressive fuel price cuts by the Dangote Refinery and other private marketers, reflecting increased domestic refining capacity and lower ex-depot costs. Analysts say the move offers temporary relief to consumers but warn prices remain vulnerable to global oil prices, exchange rates, and refinery output levels.
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol to about ₦835 per litre across major cities, down from ₦915. NNPCL outlets in Lagos now sell between ₦838 and ₦840 per litre, while Abuja stations are pegged at ₦835. The price drop follows aggressive fuel price cuts by the Dangote Refinery and other private marketers, reflecting increased domestic refining capacity and lower ex-depot costs. Analysts say the move offers temporary relief to consumers but warn prices remain vulnerable to global oil prices, exchange rates, and refinery output levels.
NNPCL Cuts Petrol Pump Price to ₦835 Per Litre Nationwide as Dangote Refinery Price War Intensifies
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of petrol to about ₦835 per litre across major cities, down from ₦915. NNPCL outlets in Lagos now sell between ₦838 and ₦840 per litre, while Abuja stations are pegged at ₦835. The price drop follows aggressive fuel price cuts by the Dangote Refinery and other private marketers, reflecting increased domestic refining capacity and lower ex-depot costs. Analysts say the move offers temporary relief to consumers but warn prices remain vulnerable to global oil prices, exchange rates, and refinery output levels.
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