The Nigerian National Petroleum Company Limited (NNPCL) has reduced the price of petrol to ₦965 per litre at its retail stations in Abuja, down from the previous ₦1,060.
This marks the second price reduction within two weeks.
During a visit to NNPCL stations at Wuse Zone 4 and Olusegun Obasanjo Way, customers were seen in long queues, eager to purchase the commodity at the new rate.
A commuter expressed relief at the reduction but emphasized the need for a uniform price across all stations. “I bought it this morning for ₦965, but the queue was too long because other stations are selling at different rates,” he said.
Meanwhile, independent and major marketers continue to sell petrol at prices ranging between ₦1,030 and ₦1,070.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) announced plans for a uniform nationwide petrol price of ₦935 per litre.
According to IPMAN’s National President, Maigandi Garima, this price is enabled by a reduced ex-depot price from Dangote Refinery, with logistics costs capped at ₦36.