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FUEL PRICE TO REDUCE FURTHER AS NNPC ANNOUNCES 17.9 PERCENT REDUCTION IN DEPOT PRICE

FUEL PRICE TO REDUCE FURTHER AS NNPC ANNOUNCES 17.9 PERCENT REDUCTION IN DEPOT PRICE

A new retail price of petrol is being expected after a drop in the ‘ex-depot’ price of petrol in Nigeria, which is now about N108.00K per litre

The new price is 17.94 per cent reduction from N113.28k per litre sold to marketers in the previous month.

According to the NNPC, a new pricing template for petroleum products would be released every first of a new month.