NNPC Reduces Petrol Prices After Dangote's Cut

The NNPC has slashed petrol prices in Abuja, Lagos, and other states after Dangote Petroleum Refinery's recent adjustment. Premium Motor Spirit now costs N875 per liter in Abuja, down from N920-N915.

Other companies like Conoil PLC (NGX: CONOIL) and Eterna PLC (NGX: ETERNA) have also revised their prices. This move aims to boost fuel supply and address the impact of the removal of fuel subsidies.

Despite the benefits of Compressed Natural Gas (CNG), challenges like limited refueling infrastructure persist, leading to long queues at stations.