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NNPC Reduces Fuel Price - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsNNPC Reduces Fuel Price (4472 Views)

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NNPC Reduces Fuel Price by Kuginzi(op): 4:42am On Dec 15, 2024
By Ogaga Ariemu

The Nigerian National Petroleum Company Limited, NNPCL, has reduced the price of Premium Motor Spirit (petrol) across its retail outlets in the Federal Capital Territory, Abuja, DAILY POST reports.

DAILY POST correspondents who visited NNPCL retail outlets observed that the petrol pump price was reduced from N1,060 to N1,040 per litre. This represents a reduction of N20.

“The price was reduced to N1,040 per litre from N1,060 on Saturday morning,” a filling station attendant at the NNPCL retail outlet along Kubwa expressway told DAILY POST.

A motorist, Ezekiel Njoku, confirmed the development to DAILY POST.
“The reduction of N20 is significant. We need further fuel price reductions in the coming days,” he said.

With the price cut, Nigerians will now buy petrol at N1,040 per litre at NNPCL filling stations, while prices remain within N1,115 per litre at other filling stations, depending on the location.

This development comes barely three weeks after the state-owned Port Harcourt refinery began producing petroleum products in November 2024.

The former Managing Director of NNPCL Retail, Prof. Billy Okoye, had earlier speculated that a fuel price reduction was imminent with the commencement of production at the Port Harcourt refinery.

Oil marketers, the Independent Petroleum Marketers Association of Nigeria, IPMAN, and the Petroleum Products Retail Outlets Owners Association, PETROAN, had also hinted that the deregulation of the sector—coupled with the operations of Dangote and Port Harcourt refineries—would lead to a drop in petrol prices.

https://dailypost.ng/2024/12/14/nnpc-reduces-fuel-price/

Re: NNPC Reduces Fuel Price by DavidEsq(m): 6:08am On Dec 15, 2024
Fools
Re: NNPC Reduces Fuel Price by Okoroawusa: 6:48am On Dec 15, 2024
In Lagos some fuel stations sell as much as #1,025
Re: NNPC Reduces Fuel Price by hisexcellency34: 6:49am On Dec 15, 2024
Very meaningless reduction
Re: NNPC Reduces Fuel Price by olaiya2007(m): 7:02am On Dec 15, 2024
Which kind yeye reduction be this...
Re: NNPC Reduces Fuel Price by Sheuns(m): 7:06am On Dec 15, 2024
There are petrol stations that sell lower than NNPC or the same price as NNPC in Lagos.
Re: NNPC Reduces Fuel Price by Dogalmighty17: 7:13am On Dec 15, 2024
Dem never serious yet.
Re: NNPC Reduces Fuel Price by gsmphoneseller: 7:14am On Dec 15, 2024
Nigerians enjoy suffering. Imagine how Tinubu is playing them like fools and some slowpokes will even come online to celebrate this failure.
Re: NNPC Reduces Fuel Price by ATEAMS: 7:28am On Dec 15, 2024
Eyesore
Re: NNPC Reduces Fuel Price by ivandragon: 7:39am On Dec 15, 2024
Clowns.

This was always going to be thier strategy.

Make things so bad, then blow thier vuvuzela of achievement when a disproportionate decrease is implemented.

You took something from N87 to N1200 and now want people to sing your praises because it came down to N1040.
Re: NNPC Reduces Fuel Price by Houseofglam7(f): 8:19am On Dec 15, 2024
Mtchewwwwwwwww
Re: NNPC Reduces Fuel Price by Paraman: 8:22am On Dec 15, 2024
Sheuns:
There are petrol stations that sell lower than NNPC or the same price as NNPC in Lagos.
So you're in Lagos, I thought you live in Anambra or Abia
Re: NNPC Reduces Fuel Price by skywalker240(m): 8:27am On Dec 15, 2024
With a 20 naira reduction and we can celebrate?


These idiots must really take Nigerians for fool's.
Re: NNPC Reduces Fuel Price by Ballzproblem2: 8:44am On Dec 15, 2024
skywalker240:
With a 20 naira reduction and we can celebrate?


These idiots must really take Nigerians for fool's.
Because we're, nothing can be done about people will queue in 2027 collect 5k and sell their generation future for stipend,then run to church/mosque for God to perform miracle on bad government,fake religious leaders go kukuma collect their on share,the rat race continues.
Re: NNPC Reduces Fuel Price by ZACHIE: 8:44am On Dec 15, 2024
They shouldn't disturb us with these annoying marginal reductions. They help no one .
Re: NNPC Reduces Fuel Price by MASTAkiLLAh(m): 8:58am On Dec 15, 2024
The hypocrisy of this government and their supporters baffles even the devil himself grin
Re: NNPC Reduces Fuel Price by kaltonga: 9:05am On Dec 15, 2024
Kuginzi:
By Ogaga Ariemu

The Nigerian National Petroleum Company Limited, NNPCL, has reduced the price of Premium Motor Spirit (petrol) across its retail outlets in the Federal Capital Territory, Abuja, DAILY POST reports.

DAILY POST correspondents who visited NNPCL retail outlets observed that the petrol pump price was reduced from N1,060 to N1,040 per litre. This represents a reduction of N20.

“The price was reduced to N1,040 per litre from N1,060 on Saturday morning,” a filling station attendant at the NNPCL retail outlet along Kubwa expressway told DAILY POST.

A motorist, Ezekiel Njoku, confirmed the development to DAILY POST.
“The reduction of N20 is significant. We need further fuel price reductions in the coming days,” he said.

With the price cut, Nigerians will now buy petrol at N1,040 per litre at NNPCL filling stations, while prices remain within N1,115 per litre at other filling stations, depending on the location.

This development comes barely three weeks after the state-owned Port Harcourt refinery began producing petroleum products in November 2024.

The former Managing Director of NNPCL Retail, Prof. Billy Okoye, had earlier speculated that a fuel price reduction was imminent with the commencement of production at the Port Harcourt refinery.

Oil marketers, the Independent Petroleum Marketers Association of Nigeria, IPMAN, and the Petroleum Products Retail Outlets Owners Association, PETROAN, had also hinted that the deregulation of the sector—coupled with the operations of Dangote and Port Harcourt refineries—would lead to a drop in petrol prices.

https://dailypost.ng/2024/12/14/nnpc-reduces-fuel-price/
Look at what a whole agency is reporting yet someone will be insulting MAADAM KEMI
Re: NNPC Reduces Fuel Price by Bobloco: 9:09am On Dec 15, 2024
kaltonga:
Look at what a whole agency is reporting yet someone will be insulting MAADAM KEMI
Re: NNPC Reduces Fuel Price by SalamRushdie: 9:11am On Dec 15, 2024
Just see how the cunning man is decieving Nigerians so that they accept Malta Flex fuels
Re: NNPC Reduces Fuel Price by skywalker240(m): 9:21am On Dec 15, 2024
Ballzproblem2:
Because we're, nothing can be done about people will queue in 2027 collect 5k and sell their generation future for stipend,then run to church/mosque for God to perform miracle on bad government,fake religious leaders go kukuma collect their on share,the rat race continues.
Nigerians truly deserve the idiots they call rulers
Re: NNPC Reduces Fuel Price by BigYash: 9:25am On Dec 15, 2024
20naira reduction grin Na 200naira them go add join next.. I trust them grin
Re: NNPC Reduces Fuel Price by Sheuns(m): 9:46am On Dec 15, 2024
Paraman:
So you're in Lagos, I thought you live in Anambra or Abia
I’m more Lagosian than you bigot. To you everyone against your Lord T-Pain is whatever it is you think they are.

Myopic human.
Re: NNPC Reduces Fuel Price by AcadaWriter0: 10:13am On Dec 15, 2024
In Lagos, some fuel stations sell for as much as #1,025.
Re: NNPC Reduces Fuel Price by EDOSBROWN: 10:47am On Dec 15, 2024
DavidEsq:
Fools
He should put it where he meet it
Re: NNPC Reduces Fuel Price by keymatt(m): 12:03pm On Dec 15, 2024
PDP destroyed Nigeria - fuel N140 per liter dollar @N199
APC repackaged Nigeria to Dubai - Fuel N1300 per liter, dollar @1700.

Enjoy your Dubai under APC. grin cheesy grin
Re: NNPC Reduces Fuel Price by keymatt(m): 12:06pm On Dec 15, 2024
BigYash:
20naira reduction grin Na 200naira them go add join next.. I trust them grin
N20 too much sef. APC mandate thief regime are the type that will reduce 20 kobo from fuel and add N300 through VAT on other goods.
Typically a regime of hunger, poverty and death. grin cheesy grin grin
Re: NNPC Reduces Fuel Price by Heffalump(m): 12:13pm On Dec 15, 2024
Please nobody should be quick to announce any reduction in pump price until we see at least N100 difference.

Reduction that doesn't add up to anything should be frankly ignored. undecided
Re: NNPC Reduces Fuel Price by Paraman: 12:40pm On Dec 15, 2024
Sheuns:
I’m more Lagosian than you bigot. To you everyone against your Lord T-Pain is whatever it is you think they are.

Myopic human.
I'm a bigot? There are lots of clowns like you on nairaland who love saying sheet grin

You're more Lagosian than I am indeed. If any politician in Nigeria is your lord, that's your cup of tea not mine.
Re: NNPC Reduces Fuel Price by BuhariAdvocate: 12:49pm On Dec 15, 2024
It has no effect.
Re: NNPC Reduces Fuel Price by hisgrace090: 12:56pm On Dec 15, 2024
As wicked as this pressemt Nigerian money bags who only cares about self nothing more.
Re: NNPC Reduces Fuel Price by AfahaAbia(m): 3:00pm On Dec 15, 2024
Bloody Fools
Re: NNPC Reduces Fuel Price by obidark: 5:12pm On Dec 15, 2024
i wouldnt await it to drop much more....

dont forget the whole region wants nigerian fuel too....
1 2 Reply

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