NNPCL Cuts Petrol Price Again, Reduces Pump Price by ₦60 Per Litre
NNPCL Cuts Petrol Price Again, Reduces Pump Price by ₦60 Per Litre
NNPCL Cuts Petrol Price Again, Reduces Pump Price by ₦60 Per Litre
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), marking its second price cut in less than two weeks.
A market survey conducted on Sunday showed that NNPCL retail outlets have lowered the price of petrol to ₦1,150 per litre, down from ₦1,210 per litre, representing a reduction of ₦60 per litre.
The latest adjustment brings the total reduction in the company’s pump price to ₦110 per litre between June 27 and July 5, 2026.
The price cut comes just days after the Dangote Refinery announced its fourth reduction in the ex-depot (gantry) price of petrol, lowering the rate to ₦1,075 per litre.
The latest reductions by both NNPCL and Dangote Refinery are expected to influence fuel prices across the country as marketers respond to changing market conditions.
NNPCL Cuts Petrol Price Again, Reduces Pump Price by ₦60 Per Litre
