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NNPCL's Petrol Price Cut Leads to Filling Station Closures

Business
Naijanews
NNPCL's Petrol Price Cut Leads to Filling Station Closures

Following the announcement of a ₦66 reduction in petrol prices by the Nigerian National Petroleum Company Limited (NNPCL), many filling stations in Kebbi State, particularly in Birnin Kebbi, have closed their gates. A survey conducted on Thursday revealed that independent marketers decided to suspend sales, leading to a scarcity of petrol and affecting movement on major roads.

A manager from one affected station indicated that although petrol was in stock, sales were halted due to the higher purchase price, making it unfeasible to sell at the newly announced lower rate. In Oyo State, particularly in the Oke-Ogun area, some petrol stations were also closed on Wednesday and Thursday.

Aminu Muhammed, a civil servant, reported that the situation disrupted daily activities, with some workers unable to commute. Commercial drivers expressed frustration, stating that the price reduction did not alleviate their challenges, as some stations sold petrol for ₦1,500 per litre despite long queues.

Plus234Feed summary based on reporting from Naijanews. Read the original report below.

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