₦airaland Forum

The pump price of Premium Motor Spirit (PMS), also known as gasoline, has decreased compared to a few weeks ago. Based on recent survey, the pump price was observed to be between N1120 and N1,125 at petrol stations, as opposed to N1400 and N1500 per liter in prior weeks.

The survey revealed that, despite having a comparatively lower price than other stores run by independent marketers in the city, major marketers like the Nigerian National Petroleum Company Ltd.'s outlet off Itam junction, in the outskirts of Uyo, have fewer customers waiting in line to purchase their goods, the Whisler Newspaper observed.

A similar experience occurred at other gas stations along Aka Etinan Road, where gas was sold without significant pressure. Godwin Ekpo, the chairman of the Petroleum Product Monitoring Committee (PPMC), pointed out that steady fuel sales at stations designated by the NNPC and some major marketers have increased supply, which has resulted in lower prices among independent marketers. Legit.ng reported that filling stations nationwide are expected to adjust pump prices again following the crash in fuel landing costs in Lagos, Edo, Port Harcourt, and other states.

The landing cost of freighting fuel to Nigeria fell to N935.94 per litre, and aviation fuel crashed to N1,117.48 per litre. A report by the Major Energies Marketers Association of Nigeria (MEMAN), published on Tuesday, November 19, 2024, also indicated that the landing cost of diesel dropped to N1,071.8 per litre, calculated at the exchange rate of N1,659.37 per dollar.

The report disclosed that the landing cost comprised multiple factors, such as finance charges calculated at an annual rate of 32% over 30 days, freight costs over 10 days, and the Nigerian Ports Authority (NPA) fees covering mooring and towage.

Read up more updates on the fuel crash

Lies and misleading

Crash ko.crash ni... Leave the price of fuel at where you met it.... We dey beg you...

DyshApp:
The pump price of Premium Motor Spirit (PMS), also known as gasoline, has decreased compared to a few weeks ago. Based on recent survey, the pump price was observed to be between N1120 and N1,125 at petrol stations, as opposed to N1400 and N1500 per liter in prior weeks.

The survey revealed that, despite having a comparatively lower price than other stores run by independent marketers in the city, major marketers like the Nigerian National Petroleum Company Ltd.'s outlet off Itam junction, in the outskirts of Uyo, have fewer customers waiting in line to purchase their goods, the Whisler Newspaper observed.

A similar experience occurred at other gas stations along Aka Etinan Road, where gas was sold without significant pressure. Godwin Ekpo, the chairman of the Petroleum Product Monitoring Committee (PPMC), pointed out that steady fuel sales at stations designated by the NNPC and some major marketers have increased supply, which has resulted in lower prices among independent marketers. Legit.ng reported that filling stations nationwide are expected to adjust pump prices again following the crash in fuel landing costs in Lagos, Edo, Port Harcourt, and other states.

The landing cost of freighting fuel to Nigeria fell to N935.94 per litre, and aviation fuel crashed to N1,117.48 per litre. A report by the Major Energies Marketers Association of Nigeria (MEMAN), published on Tuesday, November 19, 2024, also indicated that the landing cost of diesel dropped to N1,071.8 per litre, calculated at the exchange rate of N1,659.37 per dollar.

The report disclosed that the landing cost comprised multiple factors, such as finance charges calculated at an annual rate of 32% over 30 days, freight costs over 10 days, and the Nigerian Ports Authority (NPA) fees covering mooring and towage.

Read up more updates on the fuel crash

You mean you take the price of something from 1200 to 1500 and it comes back to 1200 you celebrate a price decrease of #300 🙄🙄

Agbado economics at play

Reduce keh?
government go reduce something for una?
Them dun repent or wetin?
People way Dey find more ways of exploiting

If it's not N87/ per liter....then forgeraboutit....

Till then, Jonathan Goodluck remains the BEST President Nigeria ever had. ...

God Bless Goodluck Jonathan....

Nigerian youths are the most docile in the world, no other youth population in the world would sit back and allow a bunch of old men ruin their future, rob and run down a beautiful country like Nigeria to the ground. It's so pathetic to say the least, and just because content creation and yahoo pay your bills you don't have a problem, you need to wake up cos you can travel and live anywhere in the world but you can never enjoy the same freedom like in your country Nigeria.

Fuel shouldn't sell more than 200 in Nigeria...