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Despite the reduction in the gantry price of Dangote Petroleum Refinery to N1,200 per litre from N1,275 per litre, oil marketers have continued to sell Premium Motor Spirit, PMS, also known as petrol, at N1,330 per litre and above in Lagos and its environs.
Motorists had expected that with the N75 per litre reduction by the refinery, the price cut would be reflected at petrol stations.
However, checks by Vanguard yesterday showed that MRS sold the produict at N1,300 per litre, while Mobil retailed at N1,330 per litre in Lagos.
Further checks indicated that transporters continued to charge exorbitant fares across the metropolis and on the outskirts.
Commuters paid as much as N2,600 from Ikorodu to Mile 12 yesterday, compared to about N1,500 before the recent surge in petrol prices.
Meanwhile, the Dangote refinery has continued to attract patronage from many oil marketers, despite the issuance of import licences to six marketers.
According to S&P Global, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, eased petrol import restrictions by granting a new batch of licences to six local marketers, prompting temporary patronage of fuel importers.
Reacting, the National President of the Oil and Gas Service Providers Association of Nigeria, OGSPAN, Colman Obasi, said: “Dangote Petroleum Refinery has the capacity to flood the domestic market and even export to other markets
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