See more Ardova, Mobil, other filling stations announce new fuel prices

• Filling stations person adjusted their petrol pump prices pursuing a determination by Dangote to slash ex-depot prices
• Checks amusement that respective filling stations are present selling N10 oregon N20 little than their erstwhile pump price
• The caller prices enactment unit connected the Nigerian National Petroleum Company (NNPC) to besides marque changes

Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends

Following the Dangote Petroleum Refinery's determination to slash ex-depot petrol prices to N867, respective filling stations person adjusted their pump prices, signaling a imaginable alleviation for motorists.

Checks by Legit.ng amusement that petrol, which was priced betwixt N930 and N950 successful Lagos, is present being sold betwixt N920 and N945 arsenic astatine Monday, April 14.

Filling stations set petrol prices Photo credit: Bloomberg/contributor
Source: Getty Images

Although NNPC Limited had yet to marque adjustments arsenic of the clip of reporting, lipid marketers specified arsenic Ardova, Mobil, Petrocam, Hyden, and Matrix person besides announced reductions successful pump prices.

New substance prices astatine filling stations

At Ardova filling station, the substance pump terms was reduced by N10, from N930 per litre to N920 per litre. Fuel is besides present sold astatine N920 astatine MRS filling station

What this means is that Ardova filling stations and MRS substance prices are present cheaper than NNPC, which inactive sells astatine N925.

Mobil filling stations person reduced their prices to N945 per litre, down from N950, portion Petrocam lowered its terms from N940 to N930.

A manager who identified himself arsenic Kunle astatine 1 of the filling stations told Legit.ng:

Dangote refinery is cardinal for Nigeria to execute cheaper substance Photo credit: Bloomberg/contributor
Source: UGC

NewsTelegraph reports that Dangote refinery partners downstream players MRS Oil, Ardova Plc, and Hyden Energy were instructed to set prices from N930 to N910 connected Thursday, April 10.

It is expected that much changes volition beryllium made

Private depots besides reduced prices for marketers

Similarly, Dangote Refinery's terms slash has prompted a question of terms reductions among large depots crossed Nigeria.

Data tracked implicit the past fewer days since Dangote announced caller prices amusement that much than 12 backstage petroleum depots person adjusted their prices downward.

For example, Rainoil Lagos reduced its petrol terms by N34 to N866, portion Zamson reduced by N36 to merchantability astatine N875.

NIPCO Lagos present sells astatine N870. MENJ and A.A Rano petrol reduced prices to N870.

PETROAN expects much reduction

Punch reports that the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says Nigerians volition soon statesman to reap the benefits of falling planetary crude lipid prices, pursuing Dangote Refinery’s decision to slash ex-depot terms to N865 per litre.

Joseph Obele, PETROAN's spokesperson, noted that the cardinal to cheaper substance is the national government’s naira-for-crude lipid policy.

Fuel terms changes successful Africa

Earlier, Legit.ng reported that determination is simply a question of petrol terms simplification sweeping crossed Africa, driven by a decline successful planetary crude prices.

However, information from Globalpetrolprices.com shows that Nigeria inactive has the cheapest pump terms successful West Africa and ranks 13th globally.

Countries specified arsenic Ivory Coast, Mali, Morocco, and South Africa person each announced caller reductions successful substance prices.

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Source: Legit.ng