Despite a N100 price cut by the Dangote Refinery, petrol still sells near N1,300 per litre in many Nigerian filling stations, drawing complaints from transporters and commuters over the slow price adjustment by marketers.
Petrol prices in Nigeria remain high despite the Dangote Petroleum Refinery reducing its gantry price by N100 to N1,075 per litre following a drop in global crude prices from $110 to about $88 per barrel. Many filling stations have yet to adjust their pump prices, with independent marketers still selling between N1,300 and N1,355 per litre, while depot prices range from N1,190 to N1,220 per litre.
Transporters and commuters have expressed frustration over the continued high cost of fuel, urging regulators to compel marketers to reduce prices. One operator said, “Operators, especially depot owners, are always fast to adjust upward prices in their favour. However, they always find it difficult to adjust downward in favour of consumers.” Another transport worker, John Bassey, added, “Life has become very difficult with me and other operators in the transport sector because of the high cost of petrol.”
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