NNPC says its efforts lead to reduction in prices of petrol, cooking gas‎ nationwide

Nigerians in a tight queue to buy Kerosene
Nigerians in a tight queue to buy Kerosene

The sustained strategic intervention of the Nigerian National Petroleum Corporation, NNPC, in the efficient supply and distribution petroleum products has led to significant fall in the prices of Premium Motor Spirit (PMS), also known as petrol, and Liquefied Petroleum Gas (LPG), also known as cooking gas, nationwide.

A national survey by Oil and Gas Forum, NNPC’s weekly TV programme, indicated that in the last few weeks, the price of petrol has fallen steadily from N145 per litre to between N142 and N143 per litre in some stations across the country.

The study showed that NNPC Mega and affiliate stations across the country are selling the product for N143 per litre, while the pump price ranges from between N142 and N145 per litre in some major and independent marketers in Lagos, Abuja, Sokoto, Enugu, Delta and other major cities.

One of the respondents in the survey and a manager at an independent fuel retail station in Abuja, Mohammed Abdullahi, said the station currently sells petrol at N142 per litre in line with the prevailing market situation in order to sustain the turnover of the business and to attract more motorists to the station.

Another independent marketer in Mosimi, Emeka Ikechukwu, said the going ex-depot prices of PMS had dropped from N138 per litre in most depots to N133.28 in NNPC depots and between N130 and N131 per litre in private depots.

However, the situation is slightly different in Aba and Umuahia in Abia State and Calabar in Cross River State where most independent fuel stations as well as major marketers sell the product at N145 per litre.

The survey also showed a similar trend of drop in price for cooking gas with the average price for refilling 5kg cylinder at N2,215.96 from the former price of N2,500.00.

The study further revealed that states with the lowest average price for the 5kg LPG refill were Kaduna and Niger at N2,000; Kogi at N2,005.00; and Oyo at N2,033.33.

At the NNPC Mega and retail stations nationwide, a 12.5kg of cooking gas that was sold for N4,500 a few months ago is now sold for N3,800 while other retail outlets sell the same quantity for N4,000.

NNPC has sustained its interventions through sustained improvement in the supply of the products and remodelling of distribution channels to address sufficiency issues across the country.
The corporation has also stepped up the resuscitation of some of its critical pipelines and depots such as the Atlas Cove – Mosimi Depot Pipeline, Port-Harcourt Refinery – Aba Depot Pipeline, Kaduna – Kano Pipeline and the Kano Depot which have enhanced efficiency in products distribution.

Efforts are also ongoing by the NNPC to revamp and re-commission other critical pipelines and depots across the country to further push down the prices of petroleum products for the benefit of consumers.


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  • Frank Bassey

    What is “intervention”? VP Yemi Osinbajo said the FG had stopped paying for fuel subsidy. The other day, it was reported that N359.39 billion was withdrawn from the Excess Crude Account (ECA)for fuel subsidy. This is the “intervention”. But has the cost of petroleum products really dropped? What is all this nonsense about.?

    • Odianosen

      @disqus_EkZWB7P0Qm:disqus It was stated “NNPC has sustained its interventions through sustained improvement in the supply of the products and remodelling of distribution channels to address sufficiency issues across the country.” You need not be sentimental about this.

      Where was it written it was removed for subsidy? They are improving efficiency, which is what the entire idea of removing subsidy was all about in the first place anyway. Besides subsidy is only paid, when the price of importation is significantly more than the retail price. But from what is said, its way more less due to efficiency; so what’s the subsidy claim you talking about coming from?

      Let us try to appreciate things, and not being mean at every improvement. Nothing wrong in criticism, but please make it constructive ok?. If other Govts had been doing what this administration is doing now, we would not be saying all these now. We would have had even been possibly exporting to other countries refined product, and not importing.

  • aboki

    Please we should avoid indulging in an issue that we lacks expertise in, just because of sentiments or hatred.
    The breakdown on crash or lowering of PMS and LPG is expected as earlier stated when subsidies on them were systematically withdrawn and BENCH MARK was reached at material time.
    Nigerians should expect more of these goodies which sadist in our midst are not happy with, and their agents would start arguing ignorantly.
    Nigeria we hail thee!

  • Omooba Adekunle Orafidiya

    Which reduction? These NNPC clowns need to visit a psychiatric facility ASAP.

  • Okokondem

    In the wake of the recent hurricane Harvey that struck the US city of Houston and surrounding environment, we were reminded how different multinational oil corporations not only engage in oil exploration and drilling, but also in the business of refining petroleum.

    It’s no secret Nigeria has a history of running enterprises aground, such as Nigerian railway, Nigerian Airways, and of course oil refineries among others. Is there any good reason why Nigeria does not have an arrangement with the multinational corporations such as ExxonMobil, Shell, Chevron, etc. that includes drilling as well as refining some of the product in Nigeria?

    The problem with the price of refined petroleum products in Nigeria remains insufficient local refining capacity. So rather than celebrate marginal price reductions amounting to one and two naira here and there, emphasis should be on increasing refining efficiency and capacity locally. I’m just tired of hearing Nigerians enjoin in celebration of what amounts to baby steps by their governments.

    • Okokondem

      That’s “join in celebration.”