NNPC “crashes price of petrol, cooking gas” nationwide | Nigeria News Today. Your online Nigerian Newspaper

5


The Nigerian National Petroleum Corporation (NNPC) has said that their sustained strategic intervention in the efficient supply and distribution petroleum products, has led to a significant reduction in the prices of premium motor spirit (PMS), also known as petrol, and liquefied petroleum gas (LPG), also known as cooking gas, nationwide.

Spokesman of the corporation, Ndu Ughamadu, in a statement on Sunday, said a national survey by oil and gas forum, NNPC’s weekly TV programme, indicated that in the last few weeks, the price of petrol has fallen steadily from N145 per litre to between N142 and N143 per litre in some stations across the country.

According to him, NNPC mega and affiliate stations across the country are selling for N143 per litre, while the pump price range is between N142 and N145 per litre in some major and independent marketers in Lagos, Abuja, Sokoto, Enugu, Delta and other major cities.

“One of the respondents in the survey and a manager at an independent fuel retail station in Abuja, Mohammed Abdullahi, said the station currently sells petrol at N142 per litre in line with the prevailing market situation in order to sustain the turnover of the business and to attract more motorists to the station,” the statement read.

“Another independent marketer in Mosimi, Emeka Ikechukwu, said the going ex-depot prices of PMS had dropped from N138 per litre in most depots to N133.28 in NNPC depots and between N130 and N131 per litre in private depots.

“However, the situation is slightly different in Aba and Umuahia in Abia State and Calabar in Cross River state where most independent fuel stations as well as major marketers selling the product at N145 per litre.

“The survey also showed a similar trend of drop in price for cooking gas with the average price for refilling 5kg cylinder at N2,215.96 from the former price of N2,500.00.

“The study further revealed that states with the lowest average price for the 5kg LPG refill were Kaduna and Niger at N2,000; Kogi at N2,005.00; and Oyo at N2,033.33.”
Ughamadu also said the prices of cooking gas have also reduced.

“At the NNPC Mega and retail stations nationwide, a 12.5kg of cooking gas that was sold for N4,500 a few months ago is now sold for N3,800 while other retail outlets sell the same quantity for N4,000,” he said.

“NNPC has sustained its interventions through sustained improvement in the supply of the products and remodeling of distribution channels to address sufficiency issues across the country.”


Post a Comment Default Disqus

  1. And you called this crash? Whether you consult your dictionary before publishing this is what i don't know.

    ReplyDelete
  2. This isn't crash but slight reduction in prices.

    ReplyDelete
  3. I was expecting 95 Naira or 85 Naira. Na crash den dey call this or what. Before the reduction can be significantly noticed sef, the buyer must have purchased a higher amount
    Though, kudos to them, they can do better

    ReplyDelete
  4. This comment has been removed by a blog administrator.

    ReplyDelete

Nigeria News Comments are Moderated. Clean Comments will be swiftly approved. No swear words, no racism, allowed.

 
xzb
Top