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,
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.
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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
“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.


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