PETROAN, IPMAN reveal two solutions to reduce fuel prices in Nigeria

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN and the Independent Petroleum Marketers Association of Nigeria, IPMAN person suggested however the pump terms of Premium Motor Spirit, PMS tin beryllium reduced arsenic prices contention towards N1,400 per litre.

The nationalist presidents of PETROAN and IPMAN, Billy Gillis-Harry and Abubakar Maigandi, successful abstracted interviews with DAILY POST connected Tuesday, said national authorities involution and a clampdown connected anti-competitive petrol pricing were indispensable solutions to trim rising substance prices.

DAILY POST reports that substance pump prices accrued by betwixt N40 and N100 per litre successful the past 2 weeks.

The latest upward accommodation successful substance prices comes arsenic the bulk of filling stations, including Nigerian National Petroleum Company Limited, NNPCL and MRS, raised their petrol prices to betwixt N1,310 and N1,345 per litre successful Abuja and its environs.

The summation successful retail prices followed important increases successful petrol gantry and ex-depot prices by Dangote Refinery and depot owners.

DAILY POST reports that portion the 700,000-barrel-per-day refinery sells petrol astatine a gantry terms of N1,265 per litre, depot owners, including MRS, Optima, Pinnacle, Soroman and others, merchantability astatine ex-depot prices of betwixt N1,267 and N1,285 per litre, according to Petroleumprice....