Refiners, depot owners face pressure to reduce fuel prices in Nigeria

Nigeria’s refiners and depot owners are nether unit to trim gantry and ex-depot prices of Premium Motor Spirit, PMS, commonly known arsenic petrol, pursuing a diminution successful planetary crude lipid prices.

DAILY POST reports that Brent and West Texas Intermediate, WTI, crude blends dropped to $88.10 and $83.40 per barrel, respectively.

The downward question successful crude lipid prices puts the Dangote Refinery and depot owners nether unit to chopped substance prices, which accrued past week.

DAILY POST reports that betwixt August 21 and 29, Dangote Refinery raised its gantry petrol terms by N100 to N1,265 per litre.

Similarly, depot owners specified arsenic Soroman, Bono, Aiteo, Techno Oil, Optima and others accrued their petrol ex-depot prices to betwixt N1,200 and N1,215 per litre arsenic of the clip of reporting.

Currently, MRS, the Nigerian National Petroleum Company Limited, NNPCL and different Nigerian filling stations merchantability petrol astatine betwixt N1,230 and N1,275 per litre successful Abuja and its environs.

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