Why Nigerian filling stations reduced fuel pump prices – PETROAN

The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Billy Gillis-Harry, has explained the crushed for the caller simplification successful substance prices crossed Nigeria.

Gillis-Harry, successful an exclusive interrogation with DAILY POST on Tuesday, attributed the caller simplification successful petrol prices astatine Nigerian National Petroleum Company Limited, NNPCL, MRS and different filling stations successful Abuja to the driblet successful the landing outgo of the product.

According to him, if the landing outgo of petrol reduces, retail prices besides decline.

He, however, noted that petroleum retailers and marketers bash not trim substance prices astatine a loss.

“You cannot beryllium down and task terms upward oregon downwards. But determination indispensable beryllium immoderate dynamic unit that volition find that. It is the cost. It is the outgo of landing. If the outgo of landing reduces, we are morally bound to trim price. But we volition not trim terms to the grade of staying retired of business,” helium told DAILY POST.

DAILY POST reports that NNPCL and MRS filling stations had Read Entire Article