Fuel price update: NNPCL, MRS maintain same rate as crude oil prices drop

Nigerian National Petroleum Company Limited, NNPCL, and MRS filling stations’ premium centrifugal tone (PMS) pump prices person remained unchangeable astatine N1,395 per litre contempt the driblet successful crude lipid prices.

A marketplace survey by DAILY POST connected Friday showed that substance pump prices successful Abuja and its environs crossed NNPCL and MRS outlets stood astatine N1,395 per litre.

This comes contempt a driblet successful Dangote Refinery’s gantry petrol terms by N25 per litre to N1,325 from N1,350 per litre, and a diminution successful Brent and West Texas Intermediate crude lipid prices to $104 and $92 per barrel, respectively, astatine the clip of reporting.

DAILY POST reports that portion prices astatine NNPCL and MRS filling stations remained unchanged, different retail outlets reduced their petrol prices by astatine slightest N10 to stay competitive.

The improvement pushed retail substance pump prices successful Abuja and its environs to betwixt N1,395 and N1,450 per litre.

Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s August factsheet showed that Dangote Refinery supplied implicit 70 per cent of the countr...