The Nigerian National Petroleum Company (NNPC) Limited has slashed the price of petrol across its retail outlets to N865 per litre in Lagos and N890 per litre in Abuja.
The price slash represents a N10 cut in both cities from the previous prices of N875 per litre and N900 per litre, respectively.
It was observed that the product was sold for N865 per litre in Lagos and N890 per litre in Abuja on Friday morning.
On August 6, the NNPC reduced petrol price at its retail outlets to N875 per litre in Lagos and N900 in Abuja.
This was two days after it increased the product’s price to N915 per litre and N955 per litre in both Abuja and Lagos.
On August 12, the Dangote Petroleum Refinery reduced its petrol price to N820 per litre — six days after increasing the price of N850.
The refinery also said it had started deploying 4,000 compressed natural gas (CNG)-powered trucks for fuel distribution nationwide from August 15.
