Nigerian fuel stations have decreased their premium motor spirit, PMS, and pump pricing.
A market study conducted on Tuesday revealed that NNPCL stores in Gwarimpa, Kubwa Motorway, Wuse Zone 4, and Wuse Zone 6 in Abuja have dropped their petrol prices to N1,250 per litre, down from N1,299.
This means that the state-owned company increased its petrol price by N49 per litre on Tuesday.
According to NNPCL’s most recent fuel price drop, Nigerians have avoided the oil company’s retail outlets due to the increased price of petrol.
Recall that Dangote Refinery-backed MRS and other Nigerian filling stations had already dropped pump rates by N25 to N50 per litre to between N1,210 and N1,275 per litre.