JUST IN: NNPC Crashes Petrol Price - DAILY GIST
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JUST IN: NNPC Crashes Petrol Price

Adam PR by Adam PR
December 14, 2024
in BUSINESS
0
. NNPC Speaks On New Prices Of Petrol, Fuel Diesel After Naira Appreciation
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The Nigerian National Petroleum Company Limited, NNPCL has crashed the price of Premium Motor Spirit otherwise known as Petrol across its retail outlets

It was observed that the petrol pump price was reduced from N1,060 to N1,040 per litre. This represents a reduction of N20.

“The price was reduced to N1,040 per litre from N1,060 on Saturday morning,” a filling station attendant at the NNPCL retail told DAILY POST.

A motorist, Ezekiel Njoku also confirmed the development.

“The reduction of N20 is significant. We need further fuel price reductions in the coming days,” he said.

With the price cut, Nigerians will now buy petrol at N1,040 per litre at NNPCL filling stations, while prices remain within N1,115 per litre at other filling stations, depending on the location.

ALSOREAD

Nigerian Filling Stations Crash Fuel Price To Compete With NNPCL, Others

NNPC Announces Reduction In Petrol Price

NNPC Changes Price Of Petrol

NNPC Spokesperson, Soneye Resigns, Gives Reason

JUST IN: NNPCL Reduces Fuel Price

This development comes barely three weeks after the state-owned Port Harcourt refinery began producing petroleum products in November 2024.

The former Managing Director of NNPCL Retail, Prof. Billy Okoye, had earlier speculated that a fuel price reduction was imminent with the commencement of production at the Port Harcourt refinery.

Oil marketers, the Independent Petroleum Marketers Association of Nigeria, IPMAN, and the Petroleum Products Retail Outlets Owners Association, PETROAN, had also hinted that the deregulation of the sector—coupled with the operations of Dangote and Port Harcourt refineries—would lead to a drop in petrol prices.

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AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

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