The Nigerian National Petroleum Corporation on Wednesday night announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre.
It said the price reduction took effect across all its products loading facilities as well as in its operations.
Lawan said the strategy was to make more sales while complying with the Petroleum Products Pricing Regulatory Agency’s price template. Lawan said the new price was arrived at after extensive review of market realities by the PPMC internal price review unit.
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