Some fueling stations now selling petrol cheaper than NNPC

Amidst the Wednesday’s upward review in petrol pump price, some filling stations in the nation’s capital, Abuja, are currently selling petrol cheaper than those of the Nigerian National Petroleum Company Limited (NNPC Ltd), signaling a shift in the country’s fuel market dynamics.

Earlier on Wednesday, PREMIUM TIMES reported that petrol pump prices rose to N998 and N1,030 per litre at various outlets of the NNPC Ltd in Lagos and Abuja, respectively.

That development followed NNPC’s decision to terminate its exclusive purchase agreement with Dangote Refinery.