Nigeria, July 7 -- Nigerian National Petroleum Company Limited has however cut its pump price of petrol in the Federal Capital Territory to N910 a litre at some stations.

That is significantly lower than before at N945 and will come as relief to motorists and companies, which have been hit by high fuel prices over the last few months.

This dip in price, which was recorded over the weekend at some NNPC gas stations in Abuja, is by N35. At other independent fuel stations elsewhere, for example along Airport Road and Lugbe, petrol goes for about N935 per liter, as a general trend in pump prices around the city.

The spike is tracking the recent slide in world crude prices. Another principal world indicator, Brent crude, also declined signi...