Nigerians to enjoy slightly lower prices for petrol following a crash in the landing cost of petroleum products.
From all indications based on the data from major marketers, including the Nigerian National Petroleum Company Limited (NNPCL) that landing cost crashed to ₦935.94 per litre from its last reported price of ₦977.
By implication, filling stations across the country are also expected to reduce the price per litre of petrol for sale to members of the public.
MEMAN in its report published on Tuesday, gave the ex-depot price for Lagos at ₦1,029 per litre for petrol, ₦1,120 per litre for diesel, ₦1,040 per litre for aviation fuel and ₦1,125 per litre for LPG.
The report put the price for Compressed Natural Gas (CNG) at between ₦230 per scm and ₦450.
Recent exchange rate stability is said to be responsible for the slight crash recorded in landing costs of petroleum products in Nigeria.