IPMAN says filling stations cut fuel price by N125/litre nationwide
IPMAN announced that filling stations across Nigeria have reduced fuel prices by N125 per litre over the past three weeks, following a cut in the Dangote Refinery’s gantry price after talks with the federal government. Prices now range from N1,155 to N1,299 per litre, down from N1,340 previously, with further declines expected as agreed with Dangote Refinery and depot owners. The nationwide drop translates to lower transport costs for commuters and lower operating expenses for businesses that rely on road transport, potentially easing inflationary pressures on goods and services. With fuel still a major cost component for households and enterprises, the reduction could free up household budgets and improve profit margins for transporters and traders. Will you adjust your monthly budget or travel plans to take advantage of cheaper fuel, or do you expect the price to fall further in the coming weeks?