Petrol prices to drop lower again, as marketers make important move

Nigerians will soon pay lower fuel prices thanks to renewed negotiations between the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) and refineries in the country.

PETROAN president Mr. Billy Gilly-Harry revealed that the body is in negotiations with the Aradel Refinery, Dangote Refinery, and Edo Refinery, as well as the Nigerian National Petroleum Company (NNPC Ltd), to reduce fuel’s landing costs so that marketers can sell to Nigerians at better rates.

PETROAN boss stated that when the NNPC finally revamps the Warri and Kaduna refineries, Nigerians can expect prices to drop further, due to increased supply.

Speaking in a chat with THE SUN, Gilly-Harry expressed hopes of a positive outcome to the negotiations, adding that Nigerians would soon be able to… CONTINUE READING.