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Petrol marketers have called for a nationwide petrol price reduction, citing the fall of Brent crude to about $77 per barrelThe association argued that declining global oil prices should be reflected immediately at depots and filling stationsIt also noted that imported petrol is now cheaper than some locally refined products, raising fresh concerns
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for a nationwide reduction in petrol pump prices from the current rate of N1,300 per litre.
The association said the recent drop in Brent crude to about $77 per barrel has weakened the justification for current petrol prices across Nigeria, insisting that consumers should benefit from improved global market conditions.
PETROAN is urging marketers, refiners and importers to immediately reflect the decline in global
