NNPCL reduces fuel pump price after DAILY POST report
The Nigerian National Petroleum Company Limited (NNPCL) reduced fuel prices in Abuja following public pressure and media reports of low patronage. This adjustment aligns NNPCL prices more closely with private competitors in the region.
Why it matters
Fuel pricing is a critical economic indicator in Nigeria, directly affecting the cost of living and transportation for the general population.
The Nigerian National Petroleum Company Limited, NNPCL, has reduced its premium motor spirit, PMS, pump price following a report by DAILY POST. A market survey by DAILY POST on Tuesday showed that NNPCL outlets in Gwarimpa, Kubwa Expressway, Wuse Zone 4 and Wuse Zone 6 in Abuja, had reduced their petrol price to N1,250 per litre, down from N1,299. This means that the state-owned firm adjusted its petrol price by N49 per litre on Tuesday.
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