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The Nigerian National Petroleum Corporation (NNPC) says price of diesel has dropped from between N175 and N200 per litre to between N155 and N160 per litre across the country.
This is about 42% drop within a period of six months.
According to the General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, the crash in price is due to the recent intervention of the national oil firm.
He said a national survey done by the corporation indicates that in the last few weeks, the price of diesel has fallen steadily, adding that the study showed NNPC mega stations and its affiliates across the country sold the product for N160 per litre.