Marketers retain high petrol prices despite Dangote Refinery reduction

By Obas Esiedesa, Abuja
Fuel marketers across Abuja on Wednesday continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at old prices more than 24 hours after the Dangote Petroleum Refinery announced a reduction in its ex-depot price.
Checks showed that major retail outlets had yet to adjust their pump prices despite the refinery’s N75 per litre reduction announced earlier in the week.
At stations visited in the Federal Capital Territory, the Nigerian National Petroleum Company (NNPC) Retail and TotalEnergies outlets sold petrol at N1,335 per litre, while AA Rano sold at N1,350 per litre. AYM Shafa and Conoil outlets sold at N1,330 per litre.
The development has ...