Petroleum marketers in Nigeria have indicated that more filling stations across the country may reduce petrol pump prices in order to stay competitive.
Billy Gillis-Harry, National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, disclosed this in an interview with Daily Post on Tuesday.
His comments followed recent price reductions by the Nigerian National Petroleum Company Limited (NNPCL), MRS, and other retail outlets.
According to Gillis-Harry, the downward adjustment is linked to a drop in the landing cost of petrol.
He explained that as long as landing costs continue to decline, more retailers will likely lower their pump prices to attract customers.
“More filling stations are expected to review their petrol prices with favourable landing costs. Filling stations would want to remain competitive,” he said.
Currently, Dangote Refinery has set its gantry petrol price at ₦1,215 per litre, while depot owners have adjusted ex-depot prices to between ₦1,215 and ₦1,225 per litre.
Consumers in
