Leadnaija
In a strategic move aimed at easing the burden of rising fuel costs on Nigerians, the Nigerian National Petroleum Company Limited (NNPCL), alongside major downstream players MRS Oil Nigeria Plc and Ardova Plc, are reportedly in talks to implement a unified initiative to reduce fuel pump prices to ₦910 per litre.
Industry sources close to the development disclosed that discussions are ongoing, with the stakeholders exploring operational collaborations, supply chain optimization, and pricing harmonization as key elements of the proposed effort.
While no official announcement has been made, insiders suggest that the move could be a response to growing public pressure and inflationary concerns linked to fuel pricing volatility.
If successful, the joint initiative could mark a significant shift in market dynamics, potentially influencing other operators and contributing to broader economic relief.
LeadNaija will continue to monitor this developing story and provide updates as more information becomes available.
