The Nigerian National Petroleum Company Limited has reduced the pump prices of Premium Motor Spirit (petrol) sold at its stations to match that of the Dangote Petroleum Refinery’s N860/litre.
According to Punch, some retail outlets owned by the NNPC adjusted their petrol pump price to N860 per litre on Monday, the same rate Dangote sells petrol at MRS filling stations in Lagos.
Although there is no official communication from the NNPC Retail yet, the company’s stations in Lagos adjusted their pumps to N860 per litre, down from N945 as of Sunday. This comes a few days after the Dangote refinery reduced its ex-depot petrol price from N890 to N825 per litre.
NNPC spokesperson Olufemi Soneye did not answer calls or reply to messages sent to his phone.
However, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, confirmed the development to our correspondent.
“It is true, NNPC is selling petrol at N860 in the filling stations. Though this has not been reflected on the portal, they told me they are working on updating the portal. I spoke with them,” the IPMAN leader said.