Posted 3/25/2024, 2:04:59 PM
NNPC Slashes Petrol Depot Price to N570, But Supply Still Limited
- NNPC sells petrol to marketers at new reduced depot price of N570/litre, down from N640/litre
- Marketers confirm receiving product at new price, though only 1% allocation instead of 50% promised
- NNPC promises increased supply to marketers in coming days
- Marketers won't have to rely on higher-priced private depots with NNPC supply
- In Feb 2023, petrol prices increased over 150% from previous year, with Zamfara having highest price
