Fuel Price: Marketers react as FG’s N1,350/litre petrol discount yet to reflect

Petroleum merchandise marketers and retailers connected Monday explained wherefore the Federal Government’s projected N1,350-per-litre petrol terms discount had yet to bespeak astatine Nigerian filling stations.

DAILY POST reports that the Minister of Finance, Taiwo Oyedele, past Thursday announced a 30-day substance discount, mounting the terms of Premium Motor Spirit (PMS), besides known arsenic petrol, astatine N1,350 per litre astatine NNPCL filling stations.

Days aft the announcement, immoderate NNPCL filling stations successful Abuja raised their pump prices to N1,405 per litre from N1,370.

However, a latest market survey by DAILY POST connected Monday showed that NNPCL retail outlets successful Wuse Zones 4 and 6 had reduced their petrol prices to N1,370 per litre.

This means that, arsenic of the clip of reporting, nary NNPCL outlet surveyed by DAILY POST was dispensing petrol astatine the projected terms of N1,350 per litre.

The concern has near Nigerians and motorists confused alternatively than relieved.

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