NNPC Crashes Fuel Price at Filling Stations, NMDPRA Sends Warning to Marketers [Video]

• Filling stations operated by the NNPC Retail Company are selling fuel below N600 per lite to Nigerians
• The national oil company operates over 380 filling stations and has recently added Oando stations to its network
• Checks by Legit.ng show that other major oil marketers’ filling stations are selling fuel below N650 per litre

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Nigerian National Petroleum Company Limited (NNPCL) retail filling stations have reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, to N562 per litre.

The pump price is N300 lower when compared to the N850 to N900 or even N1,000 in some remote areas sold by independent marketers filling stations.

NNPC filling stations’ pump price is also over N400 cheaper compared …