Billy Gillis-Harry, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), recently clarified why fuel costs have decreased across the country. In a Tuesday discussion with DAILY POST, Gillis-Harry identified the falling landing cost of fuel as the primary driver for price adjustments seen at NNPCL, MRS, and various other Abuja service stations.
He emphasized that retail pricing is inherently linked to the expenses incurred during product delivery. While retailers are committed to lowering prices when landing costs dip, he stressed that business sustainability remains a priority. Retailers will not lower prices to a point that compromises their ability to operate effectively.
Reports indicate that NNPCL and MRS outlets in the Abuja region have lowered pump prices by N36 to N40 per litre, setting them between N1,265 and N1,299. This shift follows a move by depot operators to reduce ex-depot prices, aiming to remain competitive against the N1,215 rate offered by the Dangote Refinery.
