Saturday 2 January 2016

Abuja Fuel Stations Comply With New Petrol Pump Price

Most filling stations in Abuja are keeping to Federal Government's directive to sell petrol at N86 per liter for NNPC retail outlets and N86.50 for other marketers.

News Agency of Nigeria, NAN reports that all the fuel stations in the city have sufficient stocks underground as well as loaded trucks awaiting discharge.

As at January 1, 2016, the long queues witnessed at petrol stations across the city had completely disappeared.

Mr Farouk Ahmed, the Executive Secretary, Petroleum Products Pricing Regulatory Agency PPPRA, had at a news conference on Tuesday in Abuja,
directed all NNPC retail stations  to sell petrol at N86 per litre as from Jan. 1, while independent petrol marketers were instructed to sell at N86.50k a litre.

He explained that the reduction in the price of petrol was due to the implementation of the revised components of the Petroleum Products Pricing Template for PMS and Household Kerosene.

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