The Nigerian National Petroleum Company Limited (NNPCL) has reduced its petrol price for the second time in one week.
Reports on Wednesday said that the state-owned oil firm has adjusted its petrol price to N890 per litre from N895.
This represents N5 per litre downward price review when compared to its earlier N895 pump price.
Accordingly, NNPCL retail outlets along Kubwa Expressway, Gwarimpa, Wuse Zone 4, and others in Abuja have adjusted their pumps to the new price.
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The latest adjustment comes barely one week after the company implemented a retail price slash.
While NNPCL retail outlets dispense fuel at N890 per litre, Dangote Refinery’s retail partners, such as AP Ardova, Optima, MRS, and Bovas filling stations, sell at N885 per litre.
The Independent Petroleum Marketers Association of Nigeria’s National President, Abubakar Maigandi, had earlier predicted that fuel prices will continue to fluctuate because of the deregulation of the oil and gas downstream sector.
