.png)
.png)
6 hours ago
5
- Filling stations successful Nigeria whitethorn set their pump prices arsenic depots rival Dangote Refinery with cheaper petrol
- The latest information shows that Dangote Refinery's prices are higher compared to what is offered astatine backstage depots
- As the biggest home supplier of petrol, Dangote Refinery mightiness beryllium forced to trim prices to bushed the competition
Legit.ng writer Dave Ibemere has implicit a decennary of acquisition successful concern journalism, with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.
Petrol prices successful Nigeria are acceptable to alteration again arsenic contention betwixt Dangote refinery and backstage depot owners intensifies.
New information shows that backstage depots are slashing their rates beneath that of the Dangote Petroleum Refinery.
Source: Getty Images
New petrol price
PetroleumPrice.ng reports that betwixt June 23 and 27, large backstage depots successful Lagos, including Aiteo, Nipco, and AIPEC, person chopped their ex-depot rates for Premium Motor Spirit (PMS) to N870 and N874 per litre.
This is little than the N880 complaint offered by Dangote Petroleum refinery to marketers.
The ex-depot terms is the outgo astatine which substance is sold to marketers earlier it reaches filling stations.
The terms warfare extends beyond petrol. For Automotive Gas Oil (AGO), commonly known arsenic diesel, large depots specified arsenic African Terminal, Ibachem, Menj, Mao, and Ibeto are maintaining unchangeable prices astatine N1,000 per litre.
Dangote’s AGO remains higher astatine N1,023 per litre, with lone Rainoil offering a terms person astatine N1,003.
In the Liquefied Petroleum Gas (LPG) segment, Dangote has besides mislaid its pricing advantage.
Ardova and different depots are offering LPG astatine N890 per kilogram, the aforesaid complaint arsenic the Dangote refinery.
Source: Getty Images
Filling stations whitethorn set petrol prices
The terms changes observed astatine assorted depots mean that filling presumption owners volition besides effort to bargain from those offering little prices.
Already, determination is aggravated terms competition, with immoderate substance stations selling astatine prices little than those of the Nigerian National Petroleum Company Limited (NNPCL).
For example, the De Petroleum filling presumption successful the Ikotun Igando country of Lagos is selling petrol astatine N920 per litre.
Ardova filling station, besides successful Egbeda, is advertizing its petrol astatine N920 per litre, N5 little than what different filling stations successful the country are quoting, including NNPC.
Also, Cincia Oil Filling Station is selling astatine N920.
The lowest petrol terms was observed astatine First Royal Oil, advertizing its petrol astatine N890 per litre.
MRS Oil Nigeria, one of the lipid marketers lifting petrol from the Dangote refinery, is selling astatine N925 successful Lagos.
In the South-West region, the terms has been adjusted to N935 per litre. For the N945 successful the North-West and North-Central, and N955 successful the South-South, South-East, and North-East regions.
Dangote refinery to prevention Nigerians N1.7 trillion successful substance costs
Earlier, Legitng reported that Dangote Refinery plans to sorb implicit N1.07 trillion annually successful substance organisation costs by supplying petrol, diesel, and aviation substance straight to marketers.
The institution has invested N720 cardinal successful 4,000 CNG-powered lorries and nationwide CNG stations to instrumentality this cost-saving initiative.
This determination is expected to trim inflation, chopped accumulation costs, make implicit 15,000 jobs, and curb cross-border substance smuggling.
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: Legit.ng
