The Nigerian National Petroleum Company Limited (NNPCL) and several independent marketers have once again reduced the pump price of Premium Motor Spirit (PMS) at retail outlets across Abuja.
According to Daily Post, NNPCL’s filling stations in the nation’s capital have reduced petrol prices to ₦915 per litre, down from ₦920, marking a ₦5 reduction.
Independent marketers, including BOVAS and MRS, are also adjusting their rates, with some now selling at ₦910 per litre, a notable drop from earlier prices of up to ₦945.
Other filling stations such as AYM Shafa, NIPCO, Optima, Mobil, Ranoil, and Empire now dispense petrol at prices ranging between ₦920 and ₦937 per litre, depending on the location and depot supply dynamics.
The retail reductions mirror falling ex-depot prices from major depots and refineries. As of Wednesday, petrol was sold at:
₦824.50 per litre at Dangote Refinery
₦823 at Eterna and Aiteo depots
₦822 at BOVAS
This latest adjustment by NNPCL follows two successive price cuts over the past fortnight, bringing the price to ₦945 per litre, down ₦30 from ₦ 975 per litre.
Meanwhile, many Nigerians are reportedly shunning Premium Motor Spirit (PMS) supplied from the Dangote Refinery at several filling stations due to higher pump prices.
This has led to a noticeable drop in patronage at MRS filling stations, particularly in Abuja.
MRS, a retail outlet owned by Alhaji Sayyu Idris Dantata, the half-brother of Dangote Refinery Chairman Aliko Dangote, is currently selling petrol at a price significantly higher than its competitors.
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