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Motorists berate oil marketers over high cost of petrol despite global price drop

Motorists berate oil marketers over high cost of petrol despite global price drop

Many motorists in the Federal Capital Territory (FCT) have expressed concern about the high cost of fuel despite a drop in global oil prices.
According to them, many filling stations across the FCT have yet to adjust their fuel pumps to reflect the price drop.
The News Agency of Nigeria (NAN) reports that the price of crude oil in the global market has dropped from $ 150 per barrel to below $ 80 per barrel.
This is due to the de-escalation of the crisis between the U.S. and Iran.
The development led the Dangote Refinery to reduce its petrol gantry price by N75 per litre after crude oil prices fell below $ 80 per barrel.
NAN checks revealed that some filling stations like MRS had...

Source: Vanguard News

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