The Nigerian National Petroleum Company Limited, NNPC, has announced a reduction in the pump price of Premium Motor Spirit, commonly known as petrol, to eight hundred and sixty naira per litre.
This decision comes amid an intensifying price war among major marketers and independent petroleum dealers, as well as fluctuations in global crude oil prices.
The new price, which took effect yesterday, marks a significant drop from the previous average of nine hundred and twenty naira per litre, offering relief to millions of Nigerians grappling with the high cost of living.
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