Nigerian filling stations to reduce fuel price near N1,000 per litre amid pressure

Nigerian filling stations person hinted astatine plans to driblet the premium centrifugal tone pump terms to adjacent N1,000 per litre amid pressure.

DAILY POST reports that successful the past 2 weeks Nigeria’s petroleum downstream assemblage has witnessed a downward substance terms reduction.

Nigerian National Petroleum Company Limited, NNPCL, precocious reduced its petrol terms to N1,210 per litre hardly 2 days aft Dangote Refinery adjusted its petrol gantry terms to N1,125 per litre.

This comes amid calls by Nigerians for a commensurate driblet successful the pump terms of petrol arsenic crude lipid prices fell to astir $73 per barrel, up from implicit $100 per tube owing to the comparative easing of the situation successful the Middle East.

At the weekend, the Federal Competition and Consumer Protection Commission warned lipid firms successful Nigeria against exploitation and profiteering aft DAILY POST study connected President Bola Ahmed Tinubu’s authorities being soundless implicit the substance terms concerns.

Reacting, an MRS filling presumption manager successful Abuja told DAILY POST nether anonymity that the substance retail outlet volition by Tuesday oregon Wednesday, driblet its petrol terms to betwixt N1,201 and N1,191 per litre.

The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, besides confirmed planned further substance terms drop.

Ukadike said the terms would caput towards N1000 per litre if crude lipid prices continued to...