Petrol price: NNPCL, MRS filling stations to reduce prices after Dangote's latest cut

Nigerian filling stations are expected to trim petrol prices successful the coming days pursuing a terms chopped by Dangote Refinery.

DAILY POST reports that Dangote Refinery has reduced its gantry petrol terms to N1,215 per litre.

With Dangote Refinery accounting for a important stock of Nigeria's home substance supply, the latest terms simplification is expected to person a ripple effect crossed the country's downstream petroleum sector.

Filling presumption managers astatine MRS and Nigerian National Petroleum Company Limited, NNPCL, outlets person confirmed to DAILY POST that petrol prices would drop.

"Our substance terms is expected to driblet from this week pursuing Dangote Refinery's petrol terms cut," an NNPCL outlet manager successful Abuja, who preferred anonymity, told DAILY POST.

Another filling presumption manager astatine MRS besides confirmed the anticipation of a petrol terms simplification successful the coming days.

Reacting to Dangote Refinery's latest terms reduction, the President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Abubakar Maigandi, besides confirmed that filling stations would statesman reducing their prices arsenic soon arsenic they received petrol from the refinery.

"Our members would chopped substance prices arsenic soon arsenic we person Dangote Refinery's petrol from this week," helium told DAILY POST.

This comes arsenic crude lipid prices dropped by 3 per cent and 4 per cent to $99 and $104 per tube for West Texas Intermediate, WTI, and Brent crude, respectively.

Currently, Nigerians bargain petrol astatine prices ranging betwixt N1,370 and N1,429 per litre astatine filling stations successful Abuja and its environs.

Petrol price: NNPCL, MRS filling stations to trim prices aft Dangote's latest cut