The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of premium motor spirit (PMS), also known as petrol, at its filling stations in Lagos and Abuja.
TheCable observed on Monday that NNPC retail outlets sold the product for as low as N880 per litre in Lagos and N935 per litre in Abuja.
The current price represents a N45 drop from the previous price of N925 per litre in Lagos and a N15 cut from the prior price of N950 per litre in Abuja.
At the NNPC filling station at Apple Junction, Lagos, the product was sold for N880 per litre.
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However, at the Ago Palace branch, the pump price of petrol was N905 per litre.
Similarly, two filling stations on Idimu Road sold petrol for N910 per litre and a branch at Ikotun Road sold the product for N910 per litre.
In Abuja, at the Airport Road, Lugbe, and the Federal Housing, Kubwa, the price of the product dropped to N935 per litre.
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The development comes days after Dangote refinery reduced the ex-gantry price of petrol to N890 per litre.
Consequently, on April 16, the refinery said its key partners reduced petrol pump prices to N890 per litre in Lagos, from a previous price of N920 per litre.
