The Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of premium motor spirit (PMS), popularly known as petrol, at its retail stations in Lagos and Abuja.
It was observed on Monday that NNPC retail outlets sold the product for as low as N880 per litre in Lagos and N935 per litre in Abuja.
The present price represents a N45 reduction from the previous price of N925 per litre in Lagos and a N15 cut from the prior price of N950 per litre in Abuja.
At the NNPC filling station at Apple Junction, Lagos, fuel was sold for N880 per litre.
However, at the Ago Palace branch, the pump price of PMSl was N905 per litre.
In the Federal Capital Territory,, at the Airport Road, Lugbe, and the Federal Housing, Kubwa, the price of the petrol fell to N935 per litre.
The reduction is coming days after Dangote refinery cut the ex-gantry price of fuel to N890 per litre.
