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Nigerian motorists see petrol prices drop by N125 per litre amid competition among fuel marketersIPMAN confirms petrol now sells between N1,155 and N1,299 per litre, down from N1,340Experts predict further reductions could lower prices to around N800 per litre with ongoing market trends
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Motorists across Nigeria are beginning to enjoy lower petrol prices after filling stations slashed pump prices by as much as N125 per litre over the past three weeks, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN).
The reduction follows successive cuts in the ex-depot price of Premium Motor Spirit (PMS) by Dangote Refinery, a move that has triggered fresh competition among fuel marketers nationwide.
IPMAN confirms new petrol prices in filling stations nationwide amid FG’s pressure. Credit: Picture Alliance/ContributorSource: Getty Images
IPMAN confirms N125 price reduction
Speaking in an interview with Daily
