Petroleum products marketers have reportedly reduced the price of Premium Motor Spirit (PMS) aka petrol across the country.
President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, disclosed this in an interview on Wednesday.
He said IPMAN members in Northern Nigeria, including Abuja, have slashed PMS prices from Wednesday to between N930 and N940 per litre from N945 and N975.
In Lagos State, Maigandi said IPMAN members dispense petrol at N890 per litre, down from N925. He added that the members sell fuel at between N950 and N960 in eastern parts of the country.
“Our members have reduced petrol prices on Wednesday following Dangote Refinery’s ex-depot price drop.”
Reports said that Empire Energy, Raniol filling stations in Gwarimpa, Abuja, reduced the price of petrol to N955 and N945 per litre on Wednesday, from N975 and N960 as of Monday.
Meanwhile, petrol prices have remained unchanged at MRS Filling Station, Nigerian National Petroleum Company Limited retail outlets in Abuja as of the time of filling of this report.
Dangote Refinery, on Monday, reduced its ex-depot price of petrol to N840 per litre from N880 on Monday.