The Nigerian National Petroleum Corporation Limited (NNPCL) has reduced fuel prices for the second time in under a week. This comes as the company continues efforts to ease the burden on motorists and consumers.
According to NNPCL, the latest price cut reflects changes in global oil markets and a commitment to ensure affordable fuel for Nigerians. The reduction has been welcomed by drivers and businesses, who had been struggling with rising fuel costs.
Fuel stations across the country have reportedly adjusted their prices in line with the NNPCL directive. Analysts believe this move could help reduce inflationary pressures and support economic activities in the short term.
Consumers are advised to take advantage of the lower fuel rates while NNPCL monitors market conditions to maintain stability in pricing. The corporation has pledged to continue reviewing fuel prices regularly.
