NNPC: Petrol now N130/ltr at depots, N142/ltr at stations

The Nigerian National Petroleum Corporation (NNPC) has said the ex-depot price of petrol has dropped from N138 to N133.28 per litre in most of its depots, indicating a gain of N4.72 for marketers. The drop is even sharper in private depots where the price came down to N130 or N131 per litre, a gain of N7 to the buyers.

Implications
The corporation explained that as a result, the pump price of petrol has fallen steadily from N145 per litre to between N142 and N143 per litre in some stations across the country and motorists with cars having 60-litre tanks, for example, will gain N180 any time they fill their tanks when they hit reserve.

Why the Drop
NNPC Group General Manager, Public Affair Division, Ndu Ughamadu in a statement yesterday said the drop was due to a sustained strategic intervention in the sector as well as the efficient supply and distribution of petroleum products by the Corporation led to the significant fall in the prices of petrol and Liquefied Petroleum Gas (LPG), also known as cooking gas, nationwide.


National Survey
The statement said a national survey by Oil and Gas Forum, an NNPC 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 across the country while NNPC Mega and affiliate stations sell at N143 per litre with the pump price ranging from between N142 and N145 per litre in some major and independent marketers in Lagos, Abuja, Sokoto, Enugu, Delta and other major cities.

Other States

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 sell at N145 per litre.

The survey also showed a similar trend of drop in price for cooking gas with the average price for refilling 5kg cylinder at N2, 215.96 from N2, 500.00 previously.

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.

https://www.dailytrust.com.ng/nnpc-petrol-now-n130-ltr-at-depots-n142-ltr-at-stations.html

What's the difference between 144 and 142?

thesicilian:
What's the difference between 144 and 142?

APC

this people are more than stupid just 2 naira difference thunder fire them