New Petrol Prices at Nigerian Filling Stations Below NNPC Rate Amid Global Market Shifts
New petrol prices have emerged at filling stations in Nigeria, with rates lower than the NNPC's price of ₦865 per litre. Competing stations like Ardova and Mobil are selling at ₦860 and ₦855 per litre, respectively.
Other stations like Cicilia and First Royal are offering even lower prices. This price adjustment follows changes in international oil market benchmarks, with a drop in prices due to oversupply and reduced demand.
Despite a rise in natural gas prices, the overall market sentiment remains bearish. Nigeria still imports half of its refined products, linking local petrol prices to international benchmarks.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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