The Nigerian National Petroleum Company Limited (NNPCL) on Monday decreased its fuel pump price from ₦945 to ₦860 per litre.
Some retail outlets of the NNPCL in Lagos confirmed the reduction even though the new price regime hasn’t come into effect.
Although, there is no official communication on the price reduction yet, some fuel marketers confirmed the development to newsmen.
Speaking to the Punch, The National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Hammed Fashola, said that the NNPCL is working on updating its portal with the new price.
“It is true, NNPC is selling petrol at ₦860 in the filling stations. Though this has not been reflected on the portal, they told me they are working on
Also, the National President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, confirmed the price reduction.
He said, “They reduced the pump price earlier this morning but I’m yet to get the details.”