Finally Oil marketers react to NNPC's new petrol pump price at filling stations, announce decision

  • Oil marketers have expressed their opinions on the new petrol pump prices announced by NNPC Limited.
  • They are concerned that the high petrol price from the Dangote Refinery will drive more companies to import PMS.
  • The marketers who control a large segment of the fuel market have also predicted the actual price of petrol based on NNPC’s new estimates

Dave Ibemere, a journalist at Legit.ng, has been reporting on business for over ten years. He has deep knowledge of the Nigerian economy, stock market, and general market trends.

Oil marketers, including the Major Oil Marketers Association of Nigeria (MOMAN), the Independent Petroleum Marketers Association of Nigeria (IPMAN), and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have reacted to the latest petrol prices announced by the Nigerian National Petroleum Company Limited (NNPC Ltd).