NGFuel marketers in Nigeria have not reduced petrol prices at retail outlets despite the Dangote Refinery lowering its ex-depot price by N75 per litre. Major retailers such as NNPC Retail, TotalEnergies, AA Rano, AYM Shafa, and Conoil continue to charge between N1,330 and N1,350 per litre. According to Dr. Billy Gillis-Harry, president of PETROAN, retail prices depend on various factors including transportation, logistics, and stock acquisition costs. He noted that marketers typically sell existing stock purchased at higher prices before adjusting to the new lower refinery prices.
Bias read (Center): The article presents factual information without overt ideological framing. It reports on market behavior and industry explanations without taking a stance on whether the pricing is fair or unfair, nor does it favor any particular group or ideology. The focus is on economic dynamics rather than a政治化
Official sources cited
- organisation Dr. Billy Gillis-Harry, President of PETROAN