Fuel price update: NNPCL, MRS maintain same rate as crude oil prices drop
Nigerian National Petroleum Company Limited, NNPCL, and MRS filling stations’ premium motor spirit (PMS) pump prices have remained stable at N1,395 per litre despite the drop in crude oil prices. A market survey by DAILY POST on Friday showed that fuel pump prices in Abuja and its environs across NNPCL and MRS outlets stood at […] Fuel price update: NNPCL, MRS maintain same rate as crude oil…
Fuel prices at NNPCL and MRS filling stations in Abuja and surrounding areas have not changed, despite a decrease in crude oil prices, according to a survey conducted by DAILY POST. The premium motor spirit (PMS) price at these stations remains at N1,395 per litre. This contrasts with a reduction in Dangote Refinery’s gantry petrol price by N25 per litre, bringing it down to N1,325 from N1,350 per litre.
Additionally, Brent and West Texas Intermediate crude oil prices fell to $104 and $92 per barrel, respectively. While prices at NNPCL and MRS stations stayed the same, other retail outlets in Abuja and its environs lowered their petrol prices by at least N10 to remain competitive, resulting in a range of fuel pump prices between N1,395 and N1,450 per litre.
According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority's August factsheet, Dangote Refinery contributed over 70% of the country's domestic fuel supply, while imports decreased considerably.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
