The Nigerian National Petroleum Company Limited (NNPCL) has disclosed a new petrol price for marketers.

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has stated that the NNPC has reduced its Premium Motor Spirit (PMS) petrol price from N1,045 per litre to N1,030 per litre for marketers.

The association’s National President, Billy Harry made this known at its strategic meeting and award presentation in Abuja.

Mr Harry stated: “Today, NNPCL has reduced their price to 1,030 Naira.

“We are still hoping and pushing that it will still come down low.

“We are very close to NNPC because we can go there, buy one product, sell it quickly, and then come back. But if we have to buy two million litres, we must do so collectively."

He further disclosed that NNPCL had opened its portal for marketers to start lifting products.

“As I speak to you, they (NNPCL) are already programming for us on the current price.

“So, we are not going to start importing if there is product available," he said.