The Nigerian National Petroleum Company Limited (NNPCL) has reduced its petrol prices across its retail outlets to N865 per litre in Lagos and N890 per litre in Abuja.
The reduction was noticed on Friday, August 15, two days after Dangote Petroleum Refinery reduced its price to N820 per litre.
Dangote Refinery’s Chief Branding and Communications Officer, Anthony Chiejina, had announced the reduction in a statement on Tuesday, August 12.
The cut in the ex-depot price, also known as the gantry price, represented a N30 reduction from N850 per litre.
However, the NNPCL’s price slash represents a N10 cut in Lagos and Abuja, from the previous N875 per litre and N900 per litre, respectively.
On August 6, the NNPCL reduced petrol price at its retail outlets to N875 per litre in Lagos and N900 in Abuja.
This came two days after the national oil company hike the product’s price to N915 per litre and N955 per litre in both cities.
On August 12, Dangote Petroleum Refinery reduced its petrol price to N820 per litre — six days after increasing the price to N850.
