By Ikugbadi Oluwasegun
The Nigerian National Petroleum Company Limited (NNPCL) has reduced petrol to N860 per litre.
Dangote Petroleum Refinery had earlier reduced the pump price of petrol by N65 from 890 to 825 per litre, effective on the 27th of February 2025.
Some retail outlets belonging to the Nigerian National Petroleum Company Limited have adjusted the petrol pump price down.
While no official communication has come from the NNPCL Retail yet, some stations in Lagos adjusted their pumps to N860 per litre, down from N945 as of Sunday.
Mr. Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has confirmed the reduction, describing it as a positive advancement and a much-needed relief for Nigerians.
In his statement, he said, “It is true, NNPC is selling petrol at N860 in the filling stations. Though this has not reflected on the portal, they told me they are working on updating the portal.”
This comes a few days after the Dangote Refinery reduced its ex-depot petrol price from N890 to N825 per litre.
