Dangote Refinery and Nigerian petroleum merchandise marketers have disagreed on the reason for the nation’s current discount in petrol price.

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DAILY POST experiences that Nigerian filling stations dropped gas costs in Abuja to between N940 and N945 per litre, down from N945 and N955.

The drop in petrol price got here at a time the federal authorities introduced the suspension of its deliberate 15 per cent import obligation on petrol and diesel to encourage native manufacturing.

In an unique interview with DAILY POST, the spokesperson of the Unbiased Petroleum Marketers Affiliation of Nigeria, Chinedu Ukadike, linked the newest PMS price drop to the coverage reversal.

He defined that that proposed 15 per cent import tariff would have led to oblique inflation and a rise in petroleum pump costs.

In response to him, the 15 per cent import obligation on petrol is an affront towards the forces of demand and provide in a deregulated petroleum downstream sector.

“You perceive me that if the 15 per cent import obligation on petrol and diesel was carried out, that’s an oblique inflation, a rise in pump price on petroleum merchandise.

“There isn’t any manner in a deregulated financial system the place you’ll not enable the forces of demand and provide to regulate the market.

“So now that the federal authorities had appeared deeply on the 15 per cent tariff, it was suspended for the reason that this was going to sort of set off inflation.

“So, we, the impartial marketers, are blissful that our voices have been heard.

“And this will even make the competitors more healthy and make sure the complete compliance of the PIA.

“That’s the reason you see the costs happening.

“And it’ll go down extra as a result of the crude oil within the worldwide market goes down,” he instructed DAILY POST.

Nevertheless, Dangote Refinery, in a press release launched on its X account, attributed the recent petrol price drop to its gantry price cut this month.

The 650,000 barrel-per-day refinery clarified that the discount in petrol is just not linked to the suspension of the 15 per cent import obligation.

DAILY POST experiences that the 15 per cent import tariff would have positioned Dangote Refinery at an advantageous place out there on the expense of upper petrol costs for Nigerians.