By our Reporter
The Nigerian National Petroleum Company (NNPC) Limited has slashed the pump price of Premium Motor Spirit (PMS), bringing the rate down to N910 per litre from the previous N945.
It was gathered that the revised price took effect on Saturday at NNPC outlets across key locations in Abuja, including Zone 6 on Kubwa Expressway, Wuse Zone 4, and other areas.
The reduction represents a N35 cut in the official petrol price at the state-owned filling stations.
This development follows closely on the heels of a similar move by Dangote Petroleum Refinery, which on Monday reduced its ex-depot price of petrol from N880 to N840 per litre.
The recent wave of reductions has been linked to a drop in global crude oil prices, following weeks of volatility sparked by the Israel-Iran conflict and renewed tensions after the bombing of three Iranian nuclear facilities by U.S. President Donald Trump.
