Filling stations of major oil marketers across the country are offering fuel to Nigerians for as low as N630 per litre.
The price is over N200 cheaper compared to N800 to N900 per litre fuel has been sold at other filling stations since fuel scarcity started.
TimesNow.com.ng observed that various outlets in Lagos owned by the seven major marketers—including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail—are selling fuel below N650 per litre to motorists.
For example, in the Ikotun area of Lagos, two Ardova Plc filling stations dispensed fuel at N630 per litre while the NNPC outlet sold at N570 per litre.
Meanwhile, ahead of the rollout of petrol from the Dangote refinery, the Major Energies Marketers Association of Nigeria(MOMAN) have secured approval to buy it.
Clement Isong, the executive secretary/chief executive officer of MOMAN, confirmed the development with Punch.
He said:
TimesNow.com.ng earlier reported that the Nigerian National Petroleum Company Limited (NNPC Ltd) declared a state of emergency on crude oil production.
Speaking at the ongoing 2024 Nigeria Oil and Gas (NOG) Energy Week in Abuja, NNPC Ltd’s group chief executive officer, Mele Kyari, declared a decisive move to address forces and challenges hindering crude oil production in the country.
According to the NNPC Limited boss, Nigeria can conveniently produce two million barrels of crude oil daily without deploying new rigs.
Proofread by Kola Muhammed, journalist and copyeditor at TimesNow.com.ng
Source: TimesNow.com.ng
