Gladness Gideon
The Nigerian Nationwide Petroleum Firm (NNPC) Restricted has lowered the pump worth of Premium Motor Spirit (PMS), popularly often called petrol, throughout its stores in Lagos and Abuja.
A market survey performed on Monday revealed that NNPC stations in Lagos had been allotting petrol for as little as N880 per litre—down from the earlier N925—whereas stations in Abuja noticed a discount to N935 per litre from N950.
Particularly, on the NNPC station positioned at Apple Junction in Lagos, petrol was offered at N880 per litre, whereas the In the past Palace location allotted at N905. Two stations alongside Idimu Street supplied petrol for N910, with comparable pricing noticed on the Ikotun Street department.
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Within the Federal Capital Territory, stations at Airport Street, Lugbe, and the Federal Housing space of Kubwa reported a brand new pump worth of N935 per litre.
This downward assessment in costs follows intently on the heels of an analogous transfer by the Dangote Refinery, which lately reduce its ex-gantry petrol worth to N890 per litre. On April 16, Dangote Refinery confirmed that its main distribution companions had adjusted their pump costs accordingly, lowering the value to N890 per litre in Lagos from the earlier N920.
The worth cuts by each NNPC and Dangote are seen as a welcome aid to customers amid extended issues over the excessive price of gas throughout the nation. Nonetheless, stakeholders proceed to name for extra constant and clear pricing mechanisms throughout the downstream oil sector to make sure stability and affordability.
