The Nigerian National Petroleum Company Limited (NNPCL) has reduced petrol pump prices at its filling stations in Abuja. A market survey conducted on Sunday, September 27 showed that NNPCL retail outlets in Gwarimpa, Kubwa, and other parts of Abuja and its environs adjusted their petrol prices to 1,405 per litre from 1,430 per litre. However, NNPCL retail outlets along the Kubwa Expressway, Air Junction, and Wuse Zones 4 and 5 retained their petrol price at 1,395 per litre.
This indicates that petrol prices at NNPCL retail outlets vary by 10 per litre depending on the location. Other major and independent marketers, including MRS, Ranoil, AA Rano, and Empire Energy, were dispensing petrol at rates between 1,395 and 1,430 per litre across the federal capital.The price adjustment follows a decision by the Dangote Refinery to reduce its gantry fuel price by 25 per litre to 1,325.
Despite the reduction by NNPCL, a majority of filling stations are yet to lower their retail prices, as consumers continue to call for further reductions amid global crude oil prices trading at $92 per barrel for West Texas Intermediate (WTI) and $104 per barrel for Brent crude. The post Fuel price: NNPCL reduces petrol price to N1,405 in Abuja appeared first on Linda Ikeji Blog.
