The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of premium motor spirit (PMS), better known as petrol, to N915 per litre in Lagos and N955 per litre in Abuja.
TheCable observed on Monday that NNPC retail outlets sold the product for N915 per litre in Lagos — a N50 increase from the previous price of N865 per litre.
In Lagos, the price of the product rose to N915 per litre at the national oil company’s Abule Ado retail branch.
Similarly, at two NNPC retail outlets on the Ago Palace Way, Okota, the price of petrol was revised upward to N915 per litre.
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Also, NNPC retail outlets increased the price of the product to N955 per litre in Abuja from the previous price of N890 per litre.
The price of petrol increased to N955 per litre at the NNPC retail station at the Kubwa Expressway, Abuja.
On July 31, the National Bureau of Statistics (NBS) said residents of Jigawa, Ondo, and Lagos paid the highest retail price of petrol in June.
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Conversely, Yobe, Kogi, and Imo paid the lowest average retail price at N950.60, N986.67, and N987.86, respectively, according to the bureau.
Last month, Dangote refinery reduced its ex-depot price of petrol to N820 per litre — a week after it slashed the price to N840.
