Oil retailers and marketers suggest that Nigerians should expect more premium automotive spirits (PMS) to lower prices as Nigerian National Petroleum Corporation Limited and Dangote Refinery launch a new price war between the two companies.
NNPC announced its new gasoline prices at N860 and N880 respectively on Monday, March 3, and the NNPCL retail store reflects the new pump price at N880.
This is after the Dangote refinery lowered gasoline prices to N880 per liter.
The development reportedly triggered a new gasoline price war between NNPCL and Dangote refineries.
Reactions, the National Association of Petroleum Retailers Media Owners and his Nigerian Independent Petroleum Marketers Association, Billy Gillis-Harry and Abubakar Maigadi, said Nigerians should expect more gasoline prices to fall in competition between the NNPCL and Dangote refineries, respectively.
Gillis-Harry said Nigerians were in a good position in the essential commercial war between the NNPCL and the Dangote refinery.
“The new price has been reflected on our portal.
“This price cut will bring great relief to many Nigerians who are struggling to make ends meet.
“The reduction in PMS prices is expected to have a positive impact on Nigerian lives.
We are attracting NNPCL to lower gas prices to benefit Nigerians and marketers. ”
McGundy said what is happening in the downstream oil and gas sector is deregulated beauty.
“Not surprising, because Dangote gasoline is sold at this rate.
“That’s why we’ve been telling the government to relax the sector. Prices will start to fall. Investors are starting to come.
“The lower gasoline price means joy for Nigerians and marketers,”
