The Nigerian National Petroleum Company Limited (NNPCL) has slashed its petrol pump price to N910 per litre on Wednesday, April 16.

This new price represents a N15 reduction from the previous pump price of N925 per litre.

Amos, a filling station attendant in Lagos who confirmed the new price to Legit.ng, said:

"Our manager received instructions on Wednesday morning to change the pump price to N910. We have been selling at this price since then."

Other fuel stations slash prices

Ealier, Legit.ng reported that Ardova, Mobil, Petrocam, Hyden, and Matrix have announced reductions in pump prices.

At the Ardova filling station, the fuel pump price was reduced by N10, from N930 per litre to N920. Fuel is also now being sold at N920 per litre at the MRS filling station.

While Mobil filling stations have reduced their price to N925 per litre, down from N940, Petrocam lowered its price from N940 to N930.

Depots slash prices for marketers

More fuel price reduction is expected as various depots across the country supplying to marketers slash prices, including Dangote, Vanguard reports.

Ex-depot petrol price refers to the price it is sold from a depot (a storage facility) or a distribution point.

Data tracked shows that Heyden recorded the sharpest drop, falling by N182 to sell at N847 per litre, a 17.69% decrease.

MRS Tincan followed closely, shedding N57 to settle at N850 per litre, while Dangote’s depot reduced its price by N31.5 to N835, representing a 3.64% drop, Punch reports.

Other reduction observed include Sobaz (N870, down N35), Aiteo (N860, down N1), Sigmund (N872, down N2), Alkanes (N868, down N2), and Liquid Bulk (N874, down N8).

However, prices held steady at several depots, including Rainoil Lagos (N865), Ardova (N865), Sahara (N865), AIPEC (N864), Menj (N863), A.

A Rano (N863), Eterna (N865), and Pinnacle Warri (N869). Warri-based Matrix remained unchanged at N872, and Prudent in Oghara also held firm at N870 per litre.