Nigerian Fuel Prices Remain High Despite Crude Oil Price Drop

The Nigerian National Petroleum Company Limited (NNPCL) and MRS filling stations have maintained their premium motor spirit (PMS) pump prices at N1,395 per litre despite a drop in crude oil prices.

A market survey by DAILY POST showed that fuel pump prices in Abuja and its environs across NNPCL and MRS outlets remained unchanged.

This comes as the price of Brent and West Texas Intermediate crude oil dropped to $104 and $92 per barrel, respectively, according to a report at the time.

However, other retail outlets have reduced their petrol prices by at least N10 to remain competitive, pushing fuel pump prices in Abuja and its environs to between N1,395 and N1,450 per litre.