NNPC Limited has reduced the pump price of petrol at its retail outlets in Abuja to N965 per litre, down from N1,030 per litre.
Reports indicate that NNPC retail outlets in the Central Area and Nyanya axis confirmed that the new rates are now in effect.
This marks the second price cut by the national oil company within two weeks, following a reduction from N1,060 to N1,030 per litre, as competition with Dangote Refinery’s products intensified.
Motorists have welcomed the price adjustment, expressing hope for further reductions.
