The Nigerian National Petroleum Company Limited (NNPCL) has reduced petrol prices at its filling stations in Abuja and Lagos following a downward price adjustment by the Dangote Refinery.
Checks by Legit.ng on Wednesday, November 4, showed that NNPCL outlets in Abuja had reduced their pump price to N1,325 per litre from the previous range of N1,370 to N1,405. The adjustment represents a reduction of between N45 and N80 per litre.
Some filling stations along Kubwa Expressway and in Gwarinpa have already adopted the new price.In Lagos, NNPCL stations also reduced their petrol price by N5, bringing it down from N1,360 to N1,355 per litre. Depot Prices Record Mixed ChangesMeanwhile, petrol depot prices across Lagos, Port Harcourt, Calabar and Warri recorded different movements, according to data from Petroleumprice.ng.
In Lagos, Rain Oil increased its price by N60 to N1,350 per litre, while A.A. Rano raised its rate by N2 to N1,295. However, MRS reduced its price by N5 to N1,305, Pinnacle dropped by N2 to N1,303, while Wosbab cut its rate by N10 to N1,290. Nipco maintained its price at N1,290 per litre.In Port Harcourt, Bulk Strategic increased its price by N26 to N1,310 per litre.
Masters raised its rate by N27 to the same amount, while T.S.L recorded a N10 increase, also bringing its price to N1,310.In Calabar, Fynefield reduced its price by N45 to N1,315 per litre, while Northwest increased its rate by N12 to N1,330.
In Warri, A.Y.M. Shafa and Matrix maintained their prices at N1,300 per litre, while Parker increased its rate by N10 to N1,310. The varying adjustments reflect how different fuel marketers are responding to changes in supply costs, with pricing decisions by the Dangote Refinery continuing to influence depot and retail prices.
