The Nigerian National Petroleum Corporation (NNPCL) has announced a reduction in fuel prices across its network, following a recent cut at the Dangote Refinery. This move comes after several analysts and marketers have been unable to provide an exact date for when the price cuts will be implemented.
The Daily Post Nigeria reports that NNPCL is currently reducing petrol prices to N1,405 in Abuja, while Blueprint Newspapers indicates a reduction of 20% nationwide. THISDAYLIVE notes that the crude oil slump has been a key factor in delaying the implementation of price cuts.