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No more N903: New fuel price at 6 depots as competition heightens with Dangote

The prices of Premium Motor Spirit (PMS), commonly known as petrol, are changing as depot owners made adjustments after NNPC announced new prices.
The article from Legit.ng, published on May 16, 2024, discusses the recent reduction in petrol prices by six major depots in Nigeria, dropping the cost from N715 to N685 per litre. This price cut is attributed to heightened competition among depot owners and a slight improvement in the supply of petroleum products. The move is expected to benefit consumers by potentially lowering fuel prices at filling stations across the country. Additionally, the article highlights the ongoing efforts by the Nigerian government to stabilize fuel supply and mitigate the impact of global oil price fluctuations on the local market.

Read the Full legit Article at:
[ https://www.legit.ng/business-economy/energy/1658396-new-fuel-price-6-depots-slash-petrol-cost-competition-heightens/ ]


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