COMPETITIONS BETWEEN FILLING STATIONS AS PRICE OF PETROL REDUCED - NAN

Many Nigerians were unhappy new prices of the petrol was announced on May 11 by the Petroleum Product Pricing Regulatory Agency (PPRA) . The price which was originally N89 during the last period of the then ruling party was increased to official benchmark of N145 , which has resulted to the drastic inflation in the country.

According to New Herald, News Agency of Nigeria (NAN) survey as revealed that there has been competitions in the filling stations, has some private companies are now selling at a price lower than the filling station than those that bought from popular public petroleum corporation, NNPC.

NAN revealed that the survey done in filling stations in the Lagos metropolis that some stations were selling at reduced rates of between N137 and N143 per liter from the original official benchmark of N145 , depending on the area were mainly the independent marketers.

NAN also discovered that even though they were selling at reduced rates, they were still recording low patronage from members of the public.

It was gathered that some of the motorists now prefer patonising stations of major marketers since the new prices of the product was announced on May 11 by the Petroleum Product Pricing Regulatory Agency (PPRA)

Some of them claimed that they have taken to stations of major marketers because the dispensing metres in stations of the independent marketers might have been compromised.

NAN, however, observed that some stations such as NIPCO at Fadeyi, on Ikorodu Road and at Ilepo-Oba, Ikorodu town were selling the product at N143 per liter.

Some NNPC retail stations at Egbeda-Igando area and Kudirat Abiola Way, Oregun were selling at N135 per litre as at Friday.

However, a few stations owned by some major marketers were still dispensing at N145 per litre, while a few made slight downward adjustment of N2.