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Petrol prices deops nationwide, now N130/ltr at depots, N142/ltr at stations

September 04
04:43:46 2017
The Nigerian National Petroleum Corporation (NNPC) has said the ex-depot price of petrol has dropped from N138 to N133.28 per litre in most of its depots, indicating a gain of N4.72 for marketers.
The Nigerian National Petroleum Corporation (NNPC) has said the ex-depot price of petrol has dropped from N138 to N133.28 per litre in most of its depots, indicating a gain of N4.72 for marketers.

The drop is even sharper in private depots where the price came down to N130 or N131 per litre, a gain of N7 to the buyers.

The corporation explained that as a result, the pump price of petrol has fallen steadily from N145 per litre to between N142 and N143 per litre in some stations across the country.

NNPC Group General Manager, Public Affair Division, Ndu Ughamadu in a statement yesterday said the drop was due to a sustained strategic intervention in the sector.
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