New Fuel Prices As Filling Stations Slash Pump Prices After NNPC’s Decision

Oct. 8, 2024 - Legit.ng

Filling stations owned by the Independent Petroleum Marketers Association of Nigeria (IPMAN) in Abia states have reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol. Filling stations slash petrol prices at Abia Photo credit: Benson IbeabuchiSource: Getty ImagesPunch reports that the filling stations in Abia state, which used to sell N1,300.

00 and N1,350 per litre, have slashed their prices to N1,200 and N1150 per litre. IPMAN confirms new fuel priceMazi Oliver Okolo, IPMAN executive chairman, confirmed the resumption of the sale of petrol from NNPC and projected that with more supply, petrol prices will soon drop to N1,000 and N900.

Nigerians convert vehicles to use cheaper fuelEarlier, Legit.ng reported that more Nigerians are turning to Compressed Natural Gas (CNG) to cut fuel expenses, as petrol prices have increased in the past month.

Reports show that some filling stations in certain states ask motorists to pay up to N937 per litre for petrol...