The Nigerian National Petroleum Company Limited has once again lowered its premium motor spirit price for the second time within a week.
A correspondent noted on Wednesday that the state-owned oil company has revised its petrol price to N890 per litre, down from N895.
This indicates a reduction of N5 per litre when compared to the previous pump price of N895.
NNPCL retail stations along Kubwa Expressway, Gwarimpa, Wuse Zone 4, and other locations in Abuja have updated their pumps to reflect the new price.
This recent adjustment occurs just a week after the company enacted a reduction in retail prices.
While NNPCL retail outlets are selling fuel at N890 per litre, partners of Dangote Refinery, including AP Ardova, Optima, MRS, and Bovas filling stations, are offering it at N885 per litre.
Abubakar Maigandi, the National President of the Independent Petroleum Marketers Association of Nigeria, informed Obasanjonews24.com previously that fuel prices are expected to continue fluctuating due to the deregulation of the oil and gas downstream sector.
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