NNPC Announces Reduction In Petrol Price - DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

NNPC Announces Reduction In Petrol Price

Adam PR by Adam PR
November 30, 2024
in BUSINESS
0
NNPC Announces Reduction In Petrol Price
21.2k
SHARES
21.2k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The Nigerian National Petroleum Company Limited, NNPCL has reduced the price of the Premium Motor Spirit (PMS) otherwise known as petrol for marketers.

The company changes fuel price from N1,045 per litre to N1,030 per litre.

The National President of Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) Dr. Billy Harry disclosed this at its strategic meeting and award presentation in Abuja.

He said: “Today, NNPCL has reduced their price to 1,030 Naira”

He added that the marketers are still pressing the state-owned firm to further drag down the price.

“We are still hoping and pushing that it will still come down low,” he said.

ALSOREAD

Nigerian Filling Stations Crash Fuel Price To Compete With NNPCL, Others

NNPC Announces Reduction In Petrol Price

NNPC Changes Price Of Petrol

NNPC Spokesperson, Soneye Resigns, Gives Reason

JUST IN: NNPCL Reduces Fuel Price

DAILY GIST recalls that Dangote Refinery and Petrochemicals sells the product at N970 per litre to the marketers.

Explaining the implication, Harry said the turn over rate from buying from NNPCL will be higher despite its higher rate.

His words, “Because most of our members are going to be struggling to get 50 million Naira, or thereabout, or even N60 million to buy products.

“Now, that is not what is easily affordable. So, we, as retail outlet owners, you can see why we are very close to NNPC.

“Because we can go there and buy one product, sell, quickly turn it around, and then come back. But then, if we have to buy 2 million liters, we must go together.”

He disclosed that NNPCL has opened its their portal for marketers to start lifting products since the day on Wednesday.

According to him, the competition emanating from the free market operation will certainly bring down petrol prices further.

He said “And as I speak to you, they (NNPCL) are already programming for us on the current price.”

He also disclosed that owing to the need to patronize domestic refineries, the association has suspended its plan to import the products.

Harry said, “So, we are not going to start importing if there is product available. So, wherever is best, we are not going to be looking for dollars to start importing when we can get a Naira-dominated transaction from Dangote, from Port Harcourt Refinery, from Warri Refinery, from all the refineries in Nigeria.”

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: Fuel PriceNNPCPETROANPetrol
Previous Post

Why We Rejected Tinubu’s Tax Reform Bill — Gov Zulum

Next Post

FULL LIST: NLC To Begin Strike In 14 States Over New Minimum Wage

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

BREAKING: Dangote Crashes Petrol Price
BUSINESS

Relief For Nigerians As Dangote Refinery Crashes Price Of Cooking Gas

October 7, 2025
BREAKING: Dangote Crashes Petrol Price
BUSINESS

Dangote Refinery Blasted Over Continuous Reduction In Petrol Prices

September 14, 2025
Top 10 States That Borrowed From CBN To Pay Salaries
BUSINESS

JUST IN: CBN Approves Merger Of 2 Popular Nigerian Banks

September 1, 2025
APPLY: FG Rolls Out ₦50,000 Cash Grant For Business Owners Nationwide
BUSINESS

APPLY: FG Rolls Out ₦50,000 Cash Grant For Business Owners Nationwide

August 26, 2025
NNPC Announces Reduction In Petrol Price
BUSINESS

Nigerian Filling Stations Crash Fuel Price To Compete With NNPCL, Others

August 21, 2025
BREAKING: Dangote Crashes Petrol Price
BUSINESS

Dangote Petroleum Refinery Gets New CEO

August 2, 2025
Next Post
Why I Can't Pay Workers N70,000 As Minimum Wage — Nigerian Governor

FULL LIST: NLC To Begin Strike In 14 States Over New Minimum Wage

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Man Flees For His Life After Been Caught Sleeping With Another's Man Wife

    VIDEO: Man On The Run After Been Caught Sleeping With Another’s Man Wife

    25361 shares
    Share 10144 Tweet 6340
  • VIDEO: Female Prison Officer Caught Having S£x With Inmate Inside Cell

    26480 shares
    Share 10592 Tweet 6620
  • Corps Members Reportedly Caught Having Sex In Orientation Camp

    22667 shares
    Share 9067 Tweet 5667
  • VIDEO: Lady’s Br£asts Fall From Her Top While Dancing With Chris Brown At Concert

    21542 shares
    Share 8617 Tweet 5386
  • VIDEO: Lady Disgraced In Lekki After Being Caught Hiding Dollar Bills In Her Private Part

    22988 shares
    Share 9195 Tweet 5747
  • Youths Strip Queen Naked, Beat King, Prince During New Yam Festival In Ondo

    21495 shares
    Share 8598 Tweet 5374
  • Man Caught His Wife Having S£x With Thier Pastor On Matrimonial Bed

    22906 shares
    Share 9162 Tweet 5727
  • I Invited My Friend To Record – Sudent In Viral Sex Tape With Her Teacher Speaks

    21395 shares
    Share 8558 Tweet 5349
  • Assistant Headmaster Suspended After He Was Seen F0ndling Student’s Br£asts In Viral Video

    21321 shares
    Share 8528 Tweet 5330
  • VIDEO: Nigerian Lecturer Caught S3xu@lly Harassing Female Student In A Disturbing Clip

    22445 shares
    Share 8978 Tweet 5611

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved