₦airaland Forum

The Nigerian National Petroleum Company Limited (NNPCL) has reduced the petrol pump price from N960 to N945 per litre at its retail stations.

The price adjustment, which took effect on Thursday, February 13, followed instructions from the company to its retail outlets.

The change in price was confirmed at an NNPC filling station in Ejigbo.

“Yes, this morning (Thursday), we received instructions from the head office to reduce the price from N960 to N945. You can already see the level of patronage and the long queues,” a petrol attendant at the station disclosed.

However, not all consumers are optimistic about the price reduction. As reported by Legit.ng, Kunle Ademola, a commercial driver at the station, said, “Although petrol price has been reduced, it will have no effect on my fares as the reduction is too small for me to adjust.”

Checks on other filling stations, such as Ardova, Mobil, and Petrocam, revealed no price adjustment. Ardova still sells its petrol at N970 per litre, while Mobil and Petrocam are selling at N960 and N970 per litre, respectively.

The price reduction by NNPC comes on the heels of a similar move by MRS Oil Nigeria Plc, which recently announced a new petrol pump price of N925 per litre across all its filling stations in Lagos.

MRS, in a statement, detailed its updated regional pricing structure, with petrol selling at N935 per litre in the South West, N945 per litre in the North, and N955 per litre in the South East.

The recent price adjustments are attributed to favourable developments in the global energy sector and a notable decline in international crude oil prices.

Since the removal of fuel subsidy by the present administration, petrol prices have hovered around N1000 per litre. President Bola Ahmed Tinubu took over on May 29, 2023, and the product was sold at N198 per litre then.

Source: https://politicsnigeria.com/breaking-nnpc-reduces-petrol-pump-price-issues-instruction-to-filling-stations/

To think some years back it was a tenth of this current price. And na now we get working refineries.
Nigeria my Nigeria.

Good 👍 but we can do more.

Who will believe that barely a decade ago, fuel sold for ₦87 per litre before Association of Political Criminals (APC) took over.

O ti lo

The most fraudulent orgz unchecked in Africa

EyeCumInPiece:
Who will believe that barely a decade ago, fuel sold for ₦87 per litre before Association of Political Criminals (APC) took over.

BELIEVE IT because YA PDP AND APC RULERS DIDNOT BUILD Oil REFINERIES DELIBERATELY TO THEIR SELFISH AND GREED AGENDA OF LOOTIN NATION DRY,TO BUY IT.

EyeCumInPiece:
Who will believe that barely a decade ago, fuel sold for ₦87 per litre before Association of Political Criminals (APC) took over.

mad people said it was fake life

tinubulation na the real life now

Oando Vs Dangote 😁😁😁

Nonsense 😤😤😤

Thank you Mazi Bola Ahmed Tinubu

I see fuel being sold for 50 naira per liter.

This I have seen.

e dey hard de to PUT to EFFECT when na Slash of PRICE, but assumption or rumour to HIKE dey QUICK dem PUT to EFFECT

Lamba

Naija my country.... This news na only for social media, normal normal fuel na ₦1k plus

Ok

Until Tinubu return pump price to where he met it at least,he will always be known as a mean BAT

They increased a litre of petrol by over #400 at once, and now reducing it by #30 or so.
And they think this is worth celebrating.
Heartless people!

PARADIZEPRIEST:
BELIEVE IT because YA PDP AND APC RULERS DIDNOT BUILD Oil REFINERIES DELIBERATELY TO THEIR SELFISH AND GREED AGENDA OF LOOTIN NATION DRY,TO BUY IT.

Ogbeni, rest! What new refineries have these crooks in power built now?

What a time to be doing business in Nigeria.

I need EV Bikes...know any company that can lease or finance for a single unit...for a start?

Costs bout 1.8m.

Dem no go reduce ke

Pressure ti wa

Dangote really giving these guys serious headache but at same time, don't trust Dangote, if you understand how game of chess works, you will know that what he is doing is, sacrificing his important piece for a long term agenda..
Let's say he successfully force others out of the market, he will now be the one to dictate price.
Someone should remind me how much is his bag of cement currently

Nice move, more competitors needed to break the monopoly in that sector for to enable an common Nigerian man to avoid the fuel price as low as #50 per litter.

adioolayi:
Dem no go reduce ke

Pressure ti wa

Baje bàjé 😂😂😂😂

Silly idiots that run the NNPC. So from 960 to 945 is reduction for una abi? Return the fuel pump price to what it was before Tinubu took over then we will take you serious. Animals.

There are ways to harness EMF from thin air and generate electricity. But that technology is been hidden.

The oil rich nations will go extinct the moment such technology is exposed.

Nikola Tesla invented it but it wad confiscated by the higher ups

Nikola tesla should re incarnate and comeback to save us with a mind blowing invention.
These oil demons have put humans through hell. Making money off the masses.

EyeCumInPiece:
Who will believe that barely a decade ago, fuel sold for ₦87 per litre before Association of Political Criminals (APC) took over.

It’s simple economics. Petrol was heavily subsidized. It was institutionalized fraud where people just did nothing and got paid by the government. It’s not sustainable in a country as corrupt as Nigeria, where some companies are enrolled as beneficiaries with false claims of imported petrol in collaboration with their cronies in the NNPC. Nigeria bled for decades

adioolayi:
Dem no go reduce ke

Pressure ti wa

I no see this as reduction ooo


They remove like 2-3-400 before I go take their PAPA serious

PARADIZEPRIEST:
The most fraudulent orgz unchecked in Africa

De NNPC .....L
🤔

OK