In a welcome move that’s set to put smiles on the faces of motorists, the Nigerian National Petroleum Company Limited (NNPC) has reduced the retail price of premium motor spirit, popularly known as petrol, to N965 per litre in the Federal Capital Territory......Read The Full Article>>.....Read The Full Article>>
As of Monday, NNPC’s retail outlets in Abuja were selling the commodity at the new price, sending shockwaves of delight among customers.
This marks the second price drop in less than two weeks, down from N1,060 earlier this month.
At NNPC’s mega station along Wuse Zone 4 and Olusegun Obasanjo Way, Central Area, the price of petrol was displayed prominently at N965 per litre, attracting a long queue of eager customers.
Motorists scrambled to fill up their tanks, taking advantage of the reduced price.
One driver, who purchased petrol at the new price, applauded the NNPC for the move. “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,” he said.
However, independent and major marketers were still selling petrol at higher prices, ranging from N1,030 to N1,070 per litre, across various locations in Abuja.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) had announced on Sunday that petrol would sell at N935 per litre beginning from Monday, based on the latest arrangement with the Dangote Petroleum Refinery. But it seems that price has yet to be implemented uniformly across all stations.
