 |
| Fuel. |
Filling stations in the Federal Capital Territory have reduced the price of premium motor spirit following the federal government’s decision to suspend the planned 15 per cent import duty on petrol and diesel.
On Friday, Ranoil and Empire filling stations lowered their petrol prices to N940 and N949 per litre respectively, down from N955.
This reduction means fuel prices at Nigerian filling stations have dropped by N6-N15 per litre.
Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria, attributed the price decrease to the government’s suspension of the 15 per cent import duty on petrol.
He confirmed, “Yes, petrol price will drop further.”
According to him, the anxiety caused by the proposed 15 per cent import duty on petrol has been relieved following the tariff suspension.
The government had earlier announced the suspension of the planned 15 per cent tariff, which was expected to give Dangote Refinery a competitive advantage in the downstream sector and could have caused fuel price increases.
Earlier this month, the Nigerian National Petroleum Company Limited reduced the price of fuel at its pumps to N945 per litre in Abuja.
Currently, fuel is being sold at most filling stations in Abuja and surrounding areas at prices ranging from N940 to N955 per litre.
Meanwhile, the ex-depot price of petrol at Dangote Refinery stands at N856 per litre, with depot owners like Aiteo (N854), NIPCO (N858), and Pinnacle (N858) offering similar rates.
.jpg)
0 Comments
DISCLAIMER
The views and opinions expressed on this platform as comments were freely made by each person under his or her own volition or responsibility and were neither suggested nor dictated by the owners of News PLATFORM or any of their contracted staff. So we take no liability whatsoever for such comments.
Please take note!