Nigerian National Petroleum Company Limited (NNPCL) has reduced its Premium Motor Spirit pump price barely 48 hours after the hike across retail outlets.
Report indicates that on Wednesday, NNPCL retail outlets adjusted their fuel pump price downward to N900 per litre from N955.
The state-owned oil firm retail outlets in Gwarimpa, Kubwa Expressway, Wuse Zone 6, and Wuse Zone 4 have implemented the new petrol pump price as of Wednesday morning.
“On Tuesday we sold fuel at N955 per litre, but it is now N900,” an attendant working with the NNPCL retail outlet in Abuja told newsmen anonymously.
This means that NNPCL reduced its fuel by N55 per litre after effecting a hike on Monday to N955 per litre.
Outside NNPCL retail outlets, Ranoil and Empire Energy filling stations in Gwarimpa, Abuja, have adjusted their fuel prices to N955 and N950 per litre, respectively, from N971 and N970.
Meanwhile, during a phone interview, one of the managers of MRS filling stations in Abuja, said their fuel pump price remained at N885, the same price reported on Tuesday.
Recall that the market had earlier blamed the recent fuel price hike across filling stations on the increase in the ex-depot prices of the product in Dangote Refinery and depots.
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