See the top filling stations selling petrol for less than N860 per litre

• The raging terms warfare betwixt petroleum merchandise marketers has forced retail outlets to chopped prices further 
• Findings amusement that starring petroleum merchandise marketers specified arsenic NIPCO and Rainoil reduced their prices beneath N860 per litre successful immoderate locations
• Also, Dangote and NIPCO crashed diesel prices, which analysts accidental was owed to falling crude costs globally

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

Petroleum merchandise marketers person intensified the terms warfare amid falling crude lipid costs globally.

Due to debased crude lipid costs, the downstream operators adjusted their petrol and different petroleum products prices.

More filling stations set prices arsenic crude lipid falls amid planetary glut. Credit: Bloomberg/Contributor
Source: UGC

New petrol prices look nationwide

Findings showed that the dealers' caller terms cuts were besides caused by contention arsenic section producers and retail stations battled imported petroleum products.

Data from the petroleum merchandise marketers shows that starring marketers adjusted their substance prices.

The accusation shows that NIPCO and Rainoil reduced their pump prices to N841 per litre from N842. 

Diesel prices autumn successful immoderate locations

Also, Rainoil Delta adjusted its petrol prices successful Warri to N860 per litre from N860, portion Mainland successful Calabar reduced its prices to N874 per litre from N875.

NIPCO besides adjusted its diesel prices to N955 per litre from N980, portion Dangote lowered its petrol prices from N945 to N940 per litre.

Marketers rise alarm implicit prohibition connected imported fuel

Meanwhile, Legit.ng earlier reported that the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned the Nigerian authorities against imposing a broad prohibition connected imported goods, particularly petroleum products.

The marketers disclosed that the determination could origin economical and proviso concatenation issues.

PETROAN says caller argumentation could origin inflation

PETROAN’s informing comes arsenic the Nigerian authorities said it volition restrict importing overseas goods that could beryllium produced locally.

PETROAN’s nationalist president, Billy Gillis-Harry, disclosed that the argumentation could exacerbate ostentation and expressed the request for energy security.

He said the association’s interest is the availability and affordability of petroleum products to conscionable Nigeria’s regular depletion volume, estimated astatine implicit 46 cardinal litres of petrol and different petroleum products.

According to him, the state indispensable guarantee its policies bash not jeopardise vigor security, which could impact the system and Nigerians.

Oil marketers inquire FG to boost refining capacity

PETROAN besides called for accrued concern successful section refining infrastructure and enactment for home industries to boost competitiveness.

Gillis-Harry said that done contented and caution, the relation believes the authorities can execute its plans portion reducing imaginable economical disruptions.

The relation commended the government’s efforts to boost the home system and beforehand section content, stressing the request for cautious information to debar unintended consequences.

PETROAN lists items to beryllium exempted from the ban

According to the association, the Nigerian authorities should guarantee that the argumentation does not pb to shortages oregon terms increases, particularly successful the petroleum industry, arsenic the state is inactive processing its refining capacity.

It asked that captious and delicate products specified arsenic petroleum products, pharmaceuticals, and different indispensable consumables beryllium exempted from the projected prohibition oregon person waivers to guarantee availability.

Dangote and NIPCO chopped diesel prices successful large displacement for marketplace dominance. Credit: Bloomberg/Contributor
Source: Getty Images

The Sun reports that the relation said different factors whitethorn origin imports, including the lack of specialised technology, higher prime standards of imported goods, and economies of standard favouring imports.

Dangote names those frustrating Tinubu’s reforms

Legit.ng earlier reported that the president of the Dangote Group, Aliko Dangote, accused lipid marketers and traders of trying to frustrate President Bola Tinubu’s economical reforms.

The billionaire businessman disclosed this astatine the statesmanlike villa aft gathering Tinubu connected Monday, May 5, 2025.

Dangote cited his caller fights with cabals successful the lipid assemblage and said his accusations were not directed astatine the enactment of the Nigerian National Petroleum Company Limited (NNPC).

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Source: Legit.ng