Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,163,411 members, 7,853,810 topics. Date: Saturday, 08 June 2024 at 03:18 AM |
Nairaland Forum / Nairaland / General / Business / Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 As NNPC Adjusts Pump (285 Views)
Yuletide: Prices Of Goods To Rise As CBN Adjusts Exchange Rate To N951/$1 / Buy @N445/$ And Sell @N570/$..No Bank Card Monthly Limit (ARBITRAGE PROFIT) / Naira Tumbles To N435/$1 At Official Market As CBN Adjusts Forex Rate (2) (3) (4)
Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 As NNPC Adjusts Pump by Spectators: 8:45am On Mar 27 |
Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 as NNPC Adjusts Pump Price Nation-wide The Nigerian National Petroleum Company Limited (NNPCL) has made a significant decision to reduce the depot price of petrol, also known as Premium Motor Spirit (PMS), from N640 per litre to N570 per litre. This reduction will be implemented through direct allocation to independent marketers, according to Abubakar Maigandi, the national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN). In addition to lowering the price, NNPC has assured marketers of increased supply. Independent marketers have already paid for the product at the new petrol price last week, Maigandi confirmed. However, he highlighted that only 1% of the product allocation was provided to marketers instead of the expected 50%. This has led to a change in the market, albeit on a small scale. Maigandi further explained that the depot price has decreased from N640 to N630 per litre due to the direct product allocation to independent marketers. NNPC is now selling petrol at N570 per litre. This move is expected to reduce reliance on private depots for product supply, ultimately resulting in a drop in retail prices. Earlier data from NNPC revealed that the price of petrol surged by 157.57% in February 2024 compared to the previous year's rate. However, with NNPC's new approach and promises of increased supply, it is likely that the cost of petrol will decrease in the near future. https://spectatorsng.com/fuel-price-drops-dramatically-petrol-now-n570-diesel-n920-as-nnpc-adjusts-pump-price-nation-wide/
|
Re: Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 As NNPC Adjusts Pump by tophempire: 8:53am On Mar 27 |
Enjoy while it last.😂😂😂 |
Re: Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 As NNPC Adjusts Pump by vonlogon: 9:01am On Mar 27 |
Dramatical is dropping to 60Naira, Nothing dramatic about 570, lets stick to Fuel price drops. |
Re: Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 As NNPC Adjusts Pump by Ance4Liverpool: 9:10am On Mar 27 |
Tinibu should take petrol price back to where he met it b4 we will take him serious |
Re: Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 As NNPC Adjusts Pump by Paraman: 11:49am On Mar 27 |
Ance4Liverpool:dumb comment 1 Like |
Re: Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 As NNPC Adjusts Pump by Ance4Liverpool: 11:51am On Mar 27 |
Paraman:U are from a dumb family |
Re: Fuel Price Drops Dramatically: Petrol Now N570, Diesel N920 As NNPC Adjusts Pump by Paraman: 1:08pm On Mar 27 |
Ance4Liverpool:My family didn't write the dumb comment below Ance4Liverpool: You did |
(1) (Reply)
Afrinent / Mud Pump Nqchine For Hire. / I Need Someone That Can Be Supplying Me Kernels On Weekly Basis
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12 |