Amidst the instability of crude oil prices, some Nigerian filling stations have lowered their premium motor spirit pump prices.
Petrol pump rates were reportedly lowered from N1,300 to N1,280 per liter at Ranoil and Sharon filling stations in Abuja and the surrounding environs.
This indicates that retail gas stations reduced their fuel prices by N20, or 1.54 percent.
In the meantime, gasoline is sold at MRS and Nigerian National Petroleum Company Limited filling stations for N1261 per liter, which is N19 less than Ranoil and Sharon.
Other gas stations, such AA Rano, Empire Energy, and others, charge between N1,300 and N1,330 for gas.
The gantry pricing at Dangote Refinery is still N1,175 per liter of gasoline as at the time this report was filed, however depot owners like Pinnacle, Parker, and Zamson charge between N1,192 and N1,200 per liter.
Remember that on Thursday night, the price of crude oil, particularly Brent crude, dropped to $107 per barrel after rising to $114.
