Nigerian filling stations in the Federal Capital Territory on Friday have adjusted the premium motor spirit pump price downward after the federal government suspended the implementation of a 15 per cent import duty on petrol and diesel.
Ranoil and Empire filling stations on Friday reduced petrol
pump prices to N940 and N949 per litre, respectively, down from N955.
This means that the Nigerian filling stations’ fuel price
drops by between N6 and N15 per litre.
The Spokesperson of Independent Petroleum Marketers
Association of Nigeria, Chinedu Ukadike, linked the price drop to the Nigerian
government suspension of its planned 15 percent import duty on petrol.
“Yes, petrol price will drop further,” he said in an
interview.
According to him, the anxiety associated with the planned 15
per cent import duty on petrol has been eased following the tariff suspension.
The Nigerian government announced the suspension of the
planned 15 per cent tariff that would have given Dangote Refinery an edge in
the country’s downstream sector with the potential to increase fuel prices.
Earlier this month, the Nigerian National Petroleum Company
Limited had reduced its fuel pump price to 945 per litre in Abuja.
Most filling stations are now
selling fuel between N940 and N955 per litre in Abuja and its environs.
Meanwhile, the ex-depot price of petrol at Dangote Refinery
stood at N856 per litre, and depot owners such as Aiteo (N854), NIPCO (N858)
and Pinnacle (N858).
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