- The development comes after Dangote Refinery reduced its ex-depot price of petrol to N840 per litre from N880 on Monday.
Independent Petroleum Marketers Association of Nigeria, IPMAN, has announced a reduction in the price of Premium Motor Spirit (PMS), better known as petrol, across the country.
The petroleum products marketers reduced PMS prices to between N930 and N940 per litre from N945 and N975.
The president of IPMAN, Abubakar Maigandi, confirmed the development in an interview with newsmen on Wednesday.
According to him, the association members in Northern Nigeria, including Abuja, have carried out a downward review of the PMS price.
In Lagos State, Maigandi disclosed that its members dispense petrol at N890 per litre, down from N925. He added that IPMAN members sell fuel at between N950 and N960 in the eastern parts of Nigeria.
“Our members have reduced petrol prices on Wednesday following Dangote Refinery’s ex-depot price drop.”
The development comes after Dangote Refinery reduced its ex-depot price of petrol to N840 per litre from N880 on Monday.
Empire Energy, Raniol filling stations in Gwarimpa, Abuja, reduced their fuel price to N955 and N945 per litre on Wednesday from N975 and N960 as of Monday, Daily Post reports
Meanwhile, petrol prices have remained unchanged at MRS Filling Station, Nigerian National Petroleum Company Limited retail outlets in Abuja as of the filling of this report.
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