The Digest:
The Nigerian National Petroleum Company (NNPC) has reduced the petrol pump price to N890 per litre in Abuja, signaling a continued effort to stabilize fuel prices. This move follows a recent price drop to N895 and highlights ongoing efforts in the fuel sector.
Key Points:
- NNPC reduces petrol pump price to N890/litre in Abuja.
- The new price follows a previous N5 reduction to N895.
- Prices in Lagos remain unchanged at N865 per litre.
- Dangote refinery lowers ex-depot price to N820/litre.
- MRS Oil sells at N885 in Abuja, continuing the downward trend.
- Government convenes a national forum on July 23-24 to address fuel pricing and supply issues.
- Stakeholders to discuss price regulation and feedstock availability.
The reduction in petrol prices by NNPC and other industry players signals a shift in the Nigerian fuel market, with the government taking steps to ensure fair pricing and stability. Key discussions at the upcoming forum will likely shape future price regulations.
Sources: TheCable, BusinessDay,
