Many filling stations have significantly reduced the price of Premium Motor Spirit five days after Dangote Refinery announced a downward review of its petrol gantry price.
A DAILY POST correspondent, who surveyed filling stations in Abuja on Wednesday, observed that MRS, AA Rano, and Bovas filling stations have reduced fuel pump prices. Accordingly, MRS adjusted its pump price to N739 per litre, down from N910; AA Rano to N840 per litre from N910; and Bovas to N865 from N910.
This means that filling stations dropped prices by between N45 and N171 per litre.
Meanwhile, Ranoil, Empire Energy, and other filling stations across the country have remained unchanged at N910 and N912 per litre as of Wednesday.
NNPC Limited retail outletsalong the Kubwa Expressway were out of supply as of the time of filing this report.
Checks showed that the ex-depot fuel price for Dangote Refinery stood at N703 per litre, Pinnacle at N703, and Bovas at N708.
The development comes days after the President of Dangote Group, Dr. Aliko Dangote said that the country’s fuel price should not be more than N740 per litre.
The billionaire businessman’s comment triggered a price war within the country’s downstream oil sector.
Last week, Dangote Refinery reduced its gantry petrol price to N699 per litre from N828.
