.png)
.png)
1 month ago
9
- The NNPC Limited has slashed its petrol pump terms astatine its filling stations arsenic contention with Dangote continues
- The latest alteration comes days aft Dangote refinery instructed its partners to trim their prices from N890
- The caller prices mean that NNPC filling stations are present selling astatine a cheaper complaint compared to Dangote partners
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
The Nigerian National Petroleum Company Limited (NNPCL) has slashed its petrol pump terms to N870 per litre connected Tuesday, May 27, for its Lagos retail stations.
This caller terms represents a N10 simplification from the erstwhile pump terms of N880 per litre, and erstwhile again, returns to NNPC stations arsenic the spot to get the cheapest fuel.
Source: Getty Images
Ademola, a filling presumption attendant successful Lagos who confirmed the caller terms to Legit.ng, said:
"This morning, we received instructions to set the pump terms from N880 to N870 per litre."Other filling stations trim prices
Legit.ng checks amusement that, similar NNPC, different substance marketers person reduced substance prices successful Lagos.
For example, astatine the Mobil presumption successful the Ikotun area, the pump terms dropped from N880 to N875 connected Tuesday. A akin alteration was observed astatine Petrocam, Matrix, and different stations.
Dangote refinery substance prices
Earlier, Legit.ng reported that Dangote Petroleum Refinery precocious reduced the retail substance petrol price of its partners' filling stations, which see MRS, Ardova Plc (AP), Heyden, Optima Energy, TechnoOil, and Hyde.
Here are the caller changes
- Lagos: N875
- South-West: N885
- North-East: N905
- North-West & Central: N895
- South-South: N905
Depot's petrol terms changes
There is terms competition besides going connected among depot owners, which could further trim prices successful Nigeria.
According to the latest terms updates by petroleumprice.ng, Dangote Refinery reduced its pump terms from N828 to N827 per litre, for marketers, portion Eternal Oil adjusted its complaint from N832 to N830.
Source: Getty Images
NIPCO besides chopped its terms from N838 to N837, and some AA Rano and Menj reviewed their prices downward from N831 to N830 per litre.
There were besides changes for the Automotive Gas Oil (AGO) segment, besides known arsenic diesel, with varied terms changes crossed terminals.
Chipet reduced diesel terms from N917 to N916, Menj from N917 to N915, portion Ibeto accrued somewhat from N917 to N918.
Dangote maintained its terms astatine N925, Integrated roseate from N917 to N919, and NIPCO saw a important driblet from N940 to N915.
Dangote, NNPC terms warfare resumes to payment Nigerians
Earlier, Legit.ng reported that Bismarck Rewane, managing manager of Financial Derivatives Company, says Nigerians volition summation from the ongoing petrol terms contention betwixt Dangote Petroluem Refinery and the Nigerian National Petroleum Company (NNPC) Limited
Rewane said helium is expecting a further diminution successful substance prices until June 2025
He noted that the downward inclination successful petrol prices volition supply a boost to economical stability.
Speaking further, the economist attributed Dangote Refinery's determination to little its petrol terms to accrued accumulation outgo ratio and different related factors.
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
