Exclusive: Despite Slashing Down Fuel Prices, NNPC Outlets Still Selling for More Than N1,000 Per Litre

Despite the recent price reduction announced by the Nigerian National Petroleum Company Limited (NNPCL), many of its filling stations continue to sell petrol above N1,000 per litre. 

Joseph Obele, the National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) had disclosed in a statement that NNPCL reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N1,020 to N899 per litre.  

However, consumers' hopes of relief from the high fuel prices have been dashed as prices remain above N1000 per litre. 

For instance, despite the price reduction, NNPC Mega Station, Central Business District, Abuja continues to sell petrol at N1,030 per litre with motorists in the area expressing frustration over the high prices, which contradicts the expected relief from the announced reduction.

In Lagos, the NNPC station in Ikoyi is selling petrol at N1,020 per litre. This has led to long queues and dissatisfaction among residents who said they were hoping for more affordable fuel prices.

A NNPC outlet in Port Harcourt is selling petrol at N1,015 per litre, a development that has caused an outcry among motorists who feel that the benefits of the price cut are not being fully realized.

The situation is no different at the NNPC Station, Kaduna, Kaduna State, which is selling petrol at N1,025 per litre. A motorist who spoke with our correspondent said, “The high prices they continue to sell to us in spite of the promised reduction is not fair when taken against the background of our struggling with the economic burden of expensive fuel.”

The NNPC mega station in Enugu is selling petrol at N1,035 per litre, sparking frustration among residents who said they had expected lower prices for the long wait they have to endure in the queues.

In Kano, motorists in the area voiced their concerns over the high prices as the NNPC filling station is selling petrol at N1,028 per litre. which they described as inconsistent with the expected relief from the announced price cut.

One of the motorists, who identified himself as Usman Bichi, said, “NNPCL must take immediate action to enforce uniform pricing across its stations and ensure that the benefits of the price reduction are passed on to consumers.”

Olufemi Soneye, spokesman for the NNPCL, has not commented on the continued high prices and discrepancy between the corporation’s announced price cuts and the actual cost motorists are paying at the pumps.