What do you believe is the single most important factor driving up the cost of living in Nigeria?

Amidst the Wednesday’s upward review in petrol pump price, some filling stations in the nation’s capital, Abuja, are currently selling petrol cheaper than those of the Nigerian National Petroleum Company Limited (NNPC Ltd), signaling a shift in the country’s fuel market dynamics.

Earlier on Wednesday, PREMIUM TIMES reported that petrol pump prices rose to N998 and N1,030 per litre at various outlets of the NNPC Ltd in Lagos and Abuja, respectively.

That development followed NNPC’s decision to terminate its exclusive purchase agreement with Dangote Refinery.

PREMIUM TIMES correspondents who visited petrol stations in Abuja on Thursday morning observed that some marketers sold petrol at prices lower than NNPC’s.

As of 8.38 a.m. NIPCO fueling station at Ahmadu Bello Way by Banex junction sold the product for N1,025 per litre. Mobil filling stations located at Ahmadu Bello Way, Mabushi, and Obafemi Awolowo Way, Utako, also sold at N1,025 per litre.

• Read More