The Nigerian National Petroleum Company Limited has reduced the pump price of petrol following fresh cuts in ex-depot rates by Dangote Refinery and major depot operators.
A DAILY POST correspondent who went round filling stations in Abuja on Thursday, gathered that the state-owned firm has slashed its fuel price to N930 per litre from N945.
The new rate has already taken effect across several NNPCL retail outlets, including Kubwa Expressway, Gwarimpa, Wuse Zone 4, Zone 6 and other locations within the Federal Capital Territory.
With the adjustment, the national oil firm has effectively reduced its pump price by N10 per litre.
It was also observed that other Nigerian filling stations, such as Ranoil in Gwarimpa, have reduced fuel pump prices by N5 to N935 per litre from N940.
Similarly, MRS and AP Ardova filling stations in Abuja are currently dispensing their petrol between N930 and N935.
The price changes follow a downward review of ex-depot rates by Dangote Refinery and depot operators, including Pinnacle and Aiteo, who cut their prices to N846, N845 and N844 per litre respectively on Thursday morning.
Earlier, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Chinedu Ukadike, told DAILY POST that fuel prices may drop further as the ongoing petrol price war intensifies.