{"id":166050,"date":"2025-06-07T22:16:24","date_gmt":"2025-06-07T21:16:24","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigerian-petrol-marketers-cut-fuel-pump-prices"},"modified":"2025-06-07T23:29:31","modified_gmt":"2025-06-07T22:29:31","slug":"nigerian-petrol-marketers-cut-fuel-pump-prices","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices","title":{"rendered":"Nigerian Petrol Marketers Cut Fuel Pump Prices"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Nigerian petroleum products marketers have reduced their premium motor spirit pump price downwards to attract patronage.<\/p>\n<p>On Friday that filling station owners in Abuja reviewed their fuel price downwards by at least N10 per litre to compete favourably in the country\u2019s downstream oil and gas sector.<\/p>\n<p>Major oil marketers such as Ranoil, Shafa, and AA Rano filling stations in the nation\u2019s capital, Abuja, now sell petrol at N900 per litre, down from N910.<\/p>\n<p>The spokesperson of the Independent Petroleum Marketers Association, Chinedu Ukadike, described the development as a benefit of the liberalisation of the oil and gas sector.<\/p>\n<p>According to him, the era where the government determines the price of PMS is gone; rather, it is the forces of demand and supply.<\/p>\n<p>\u201cPrice modulation is no longer done by the government but by demand and supply,\u201d he said.<\/p>\n<p>Ukadike said PMS price may nosedive down to N800 per litre.<\/p>\n<p>The Nigerian National Petroleum Company Limited retail outlets and Dangote Refinery partners such as MRS, AP Ardova, Optima, and Bovas are currently dispensing fuel at between N875 to N895 per litre in Lagos and Abuja.<\/p>\n<p>According to market players in the oil and gas sector, Dangote Refinery and NNPCL may announce another petrol price reduction after the Eid-Al-Adha celebration to remain competitive.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Nigerian petroleum products marketers have reduced their premium motor spirit pump price downwards to attract patronage. On Friday that filling station owners in Abuja reviewed their fuel price downwards by at least N10 per litre to compete favourably in the country\u2019s downstream oil and gas sector. Major oil marketers such as Ranoil, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":166049,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[10892,254,17704],"class_list":["post-166050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-fuel-pump-price","tag-nigeria","tag-nigerian-petrol-marketers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigerian Petrol Marketers Cut Fuel Pump Prices - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigerian petroleum products marketers have reduced their premium motor spirit pump price downwards to attract patronage. ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigerian Petrol Marketers Cut Fuel Pump Prices\" \/>\n<meta property=\"og:description\" content=\"Nigerian petroleum products marketers have reduced their premium motor spirit pump price downwards to attract patronage. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-07T21:16:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-07T22:29:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/sm_1749322839.588066.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1150\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigerian Petrol Marketers Cut Fuel Pump Prices\",\"datePublished\":\"2025-06-07T21:16:24+00:00\",\"dateModified\":\"2025-06-07T22:29:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices\"},\"wordCount\":232,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/sm_1749322839.588066.jpg\",\"keywords\":[\"fuel pump price\",\"Nigeria\",\"Nigerian petrol marketers\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigerian-petrol-marketers-cut-fuel-pump-prices\",\"name\":\"Nigerian Petrol Marketers Cut Fuel Pump Prices - 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