The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Dangote Refinery to reduce its ex-depot petrol price, currently at 970 per litre.
The group argued that the call is necessary since the estimated cost of landing petrol on Nigeria’s shores has dropped to N900.28 per litre.
TimesNow.com.ng earlier reported that the landing cost for imported petrol has dropped N70 cheaper than Dangote’s asking price.
The Punch reports that Chinedu Ukadike, IPMAN’s national publicity officer, said that Dangote’s price reduction will foster healthy competition within the sector.
His words:
Meanwhile, the Nigerian National Petroleum Company Limited has reportedly reduced petrol prices across its retail stations in the Federal Capital Territory, Abuja.
Reports indicate that NNPC outlets sold petrol to motorists at N1,040 per litre instead of N1,060 on Saturday, December 14, 2024.
There are high expectations among motorists that further reductions in pump prices will occur in the days ahead.
Proofreading by Nkem Ikeke, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
