President Muhamamdu Buhari has shut up his die-hard critics, by crashing the prices of fuel and cooking gas nationwide.
This disclosure was made by the Nigerian National Petroleum Corporation, NNPC, through its Spokesman, Ndu Ughamadu, on Sunday.
The
NNPC said that the 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.
He
said the study showed that NNPC mega and affiliate stations across the
country, are selling the product for N143 per litre, while the pump
price range from between N142 and N145 per litre in some major and
independent marketers in Lagos, Abuja, Sokoto, Enugu, Delta, and other
major cities.
“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 a 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.”
“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.
“NNPC
has sustained its interventions through sustained improvement in the
supply of the products and remodelling of distribution channels to
address sufficiency issues across the country.”
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