As predicted by National Press Newspaper last week, the petrol price war that is being enjoyed by Nigeria today will soon ends.
Price of petrol may rice to N1,000 per litre. Currently, Nigeria National Petroleum Corporation, NNPC, has again reduced the price per litre of the commodity in Lagos and Abuja.
According to a released by the corporation, NNPC, Lagos will sell petrol at N860 while Abuja will sell N880 per litre.
In our findings a pump attendant at Kubwa told this peper that the petrol price was reduced on Monday afternoon.
More so, at the NNPC retail branch at Irawo, Ransco bus stop, Ikorodu road, the price of the product stood at N860
At the retail outlet along Idimu Road, the pump price of petrol also dropped to N860.
On February 13, NNPC had reduced pump price solely in Lagos from N960 per litre to N945 per litre.
The current reduction comes less than a week after Dangote Petroleum Refinery slashed its ex-depot price petrol to N825 – second cut in February.
Dangote refinery had earlier in February reduced petrol price from N950 per litre to N890.
The new price means that the refinery has significantly cut the ex-depot price by N125 from N950 per litre in January.
The price reduction was also reflected in MRS filling stations, which sold at N860 per litre and Heyden stations at N865/litre in Lagos.
