Nigerian filling stations cut petrol to 1,410 naira
By the AFREEQUE newsroom, based on Daily Post
AA Rano, Sharon and Shema filling stations have cut the price of petrol to 1,410 naira per litre in Abuja, 10 naira less. The reduction follows NNPCL's cut to 1,325 naira, according to Daily Post Nigeria.
Several Nigerian filling stations lowered their price per litre of petrol to 1,410 naira on Sunday, from 1,420 previously, after stations of the Nigerian National Petroleum Company Limited (NNPCL) cut theirs to 1,325 naira, Daily Post reports. AA Rano, Sharon and Shema in particular applied the new rate in Abuja and its environs.
The 10-naira reduction at these stations follows a cut of 45 to 80 naira decided the previous week by NNPCL, bringing its price to 1,325 naira per litre in Abuja. Daily Post notes that MRS, Ranoil, Empire, Mobil and AP Ardova stations were still selling fuel at between 1,395 and 1,420 naira on Sunday, while MRS had not yet passed on a price cut.
Brent and West Texas Intermediate (WTI), two international benchmarks for crude oil, were trading below 100 dollars a barrel on Sunday evening, according to Daily Post. The move comes after NNPCL's cut of the petrol price to 1,325 naira on 5 November.
