The Independent Petroleum Marketers Association of Nigeria announced that filling stations across the country have lowered fuel prices by N125 per litre over the past three weeks, following the reduction in the gantry price at the Dangote Refinery.
He disclosed this in an interview with DAILY POST on Monday.
Recall that the federal government invited stakeholders in the downstream petroleum sector—including Dangote Refinery, depot owners, and marketers—to discuss cost-reflective fuel pricing in response to the recent decline in crude oil prices.
The federal government had insisted on a further cut in petrol price and cost-reflective pricing.
Speaking after the meeting, like Dangote Refinery depot owners, Maigandi said its members have been dropping fuel prices in the past three weeks.
According to him, fuel prices in filling stations have dropped significantly to between N1155 and N1299 per litre, up from N1340.
“Fuel prices will go down further; that was our major agreement. Both Dangote Refinery and depot owners assured Nigerians
“Presently, we have reduced it by N125 per litre nationwide,” he told SUNRISE EAGLES TV.
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