The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price after Dangote Refinery and depot owners dropped ex-depot prices.
The price drop took place on Thursday as the state-owned apex oil firm slashed its fuel price to N930 per litre from N945, representing a N10 per litre reduction.
The downward adjustment has been implemented in NNPCL retail outlets in filling stations within Abuja and environs.
It was also observed that some other Nigerian filling stations have reduced fuel pump prices to between N930 and N935 per litre.
The development comes as Dangote Refinery and depot owners such as Pinnacle and Aiteo dropped ex-depot prices by at least N10 to N846, N845, and N844 per litre, respectively, as of Thursday morning.
Analysts observe that fuel prices may drop further as the ongoing petrol price war intensifies.