The Nigerian National Petroleum Company Limited (NNPCL) has reduced the ex-depot price of Premium Motor Spirit (PMS) to ₦899 per litre, a drop from the previous price of ₦1,020.
Industry analysts interpret this move as a direct response to Dangote Refinery’s recent holiday discount, which set its price at ₦899.50 per litre.The ex-depot price represents the rate marketers pay for petrol at storage depots before adding logistics and retail costs.
The NNPCL’s adjustment aligns with its efforts to remain competitive and stabilise the market amidst increasing competition.For further details on this development, follow reputable news updates to track the evolving dynamics in Nigeria’s fuel pricing and supply chain.
