Nigerian National Petroleum Company Limited (NNPCL) has dropped the retail price of premium motor spirit, popularly known as petrol, to ₦965 per litre in the Federal Capital Territory (FCT).
OsunDailyNG learnt that NNPCL implemented the new price across its retail outlets in the nation’s capital to the delight of customers.
The new amount is the second price drop in less than two weeks from ₦1,060 earlier this month.
According to Punch, the NNPCL mega station, located along Wuse Zone 4 and Olusegun Obasanjo Way, Central Area, sold fuel at ₦965 per litre, and commuters scrambled to join the long queue.
A driver who confirmed the price drop applauded the national oil firm but called for a uniform price across all stations for easy access.
He said, “Yes, NNPC has reduced its price to N965. I bought it this morning, but the queue is too long. Maybe because other stations are selling at a different price.”
However, the latest price drop does not apply to independent and major marketers as they sold their products between ₦1,030 and ₦1,070 across various locations.
Meanwhile, NNPCL has confirmed that the 60,000 barrels per day (bpd) capacity of Port Harcourt Refinery remains fully operational, despite circulating media reports suggesting otherwise.
The refinery, which resumed operations in November 2024 after extensive rehabilitation, is contributing significantly to enhancing domestic supply.
However, according to an earlier report by The PUNCH, the cessation of petrol lifting particularly occurred on Friday, December 13, as the 18-arm loading bay of the new Port Harcourt refinery was found to be vacant.
While approximately 18 trucks were observed along the busy road leading to the refinery, journalists who visited the refinery noted that nine trucks were parked within the yard, and the loading bay remained empty.
Meanwhile, NNPCL’s Chief Corporate Communications Officer, Olufemi O. Soneye, has dismissed these claims, stating that the refinery is indeed fully operational and loading operations are proceeding as scheduled.
