Petrol Price Crashes At Depots Amid Low Demand

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Petrol price crashes at depots amid low demand

Private depots at the weekend crashed the price of Premium Motor Spirit (PMS) to N495 – N496 per litre from N502 to N503/litre, The Nation has learnt.Petrol price crashes at depots amid low demand.

The development came amid rumour that the prices of petrol may soar in July owing to the recently devalued exchange rate.

The Nigerian National Petroleum Company Limited (NNPCL) depot retained its N479.6/litre.

Independent Petroleum Marketers Association of Nigeria (IPMAN), National Vice President, Alhaji Abubakar Maigandi broke the news to The Nation on phone

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By Abia ThinkTank

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