Nigerian National Petroleum Company Limited has dropped the retail price of premium motor spirit, popularly known as petrol, to N965 per litre in the Federal Capital Territory.
It was reported that NNPCL implemented the new price across its retail outlets in the nation’s capital to the delight of customers.
The new amount is the second price drop in less than two weeks from N1,060 earlier this month.
According to Punch, the NNPCL mega station, located along Wuse Zone 4 and Olusegun Obasanjo Way, Central Area, sold fuel at N965 per litre, and commuters scrambled to join the long queue.
A driver who confirmed the price drop applauded the national oil firm but called for a uniform price across all stations for easy access.
He said, “Yes, NNPC has reduced its price to N965. I bought it this morning, but the queue is too long. Maybe because other stations are selling at a different price.”
However, the latest price drop does not apply to independent and major marketers as they sold their products between N1,030 and N1,070 across various locations.
