Fuel prices have dropped again at NNPC filling stations, now pegged at N900 per litre just two days after the earlier hike – www.naijnaira.com reports.
The PUNCH confirmed that stations along Kubwa expressway and other parts of Abuja swiftly updated their meters to reflect the new rate.
On Monday, prices at NNPC outlets rose sharply to N955 in Abuja and N915 in Lagos due to depot price spikes.
That increase was short-lived, with NNPC quietly reversing it amid visible market pressure.
An attendant in Kubwa said, “We were selling at N955 yesterday, but management reduced it to N900 this morning.”
While NNPC trimmed rates, independent marketers responded differently, with some still selling between N950 and N955.
Stations like Ranoil and Empire Energy slightly lowered prices but kept them above NNPC levels.
Others, like MRS, held steady at N885, ignoring the volatility altogether.
Depot costs remain a major trigger, especially as pricing from Dangote and private facilities continues to fluctuate.
Petroleumprice.ng reported small reductions at Zone 4 and Mainland depots, where new rates are now around N860 per litre.
Industry watchers blame the instability on deregulation and inconsistent ex-depot pricing.
Article updated 3 weeks ago. Content is written and modified by multiple authors.
