Fares for inter and intra-state transportations have remained high across the country despite the recent reduction in the price of petrol, checks by Daily Trust have shown.
The Dangote Petroleum Refinery and the Nigerian National Petroleum Company Limited (NNPCL) had reduced their prices.
In Lagos, a litre of petrol was reduced from ₦925 per litre to ₦860 at filling stations following the cut in the ex-depot price initially by Dangote. The NNPCL also cut its price to ₦860.
With the reduction in petrol price and the much promoted Compressed Natural Gas (CNG) of the federal government, it was expected that there would be an impact on transport fares. However, checks by Daily Trust show otherwise.
Oil industry players say the reduction in the pump price is still not significant, and considering other variables, it will take a long time for Nigerians to feel the impact.
Muhammed Abdullahi, who works with one of the oil marketing companies in Abuja, said only NNPC stations and others affiliated with the Dangote refinery have significantly reduced their pump price.
“And these stations are only a fraction of the thousands of filling stations in the country who are selling at almost N1,000. I believe for Nigerians to feel the impact of the reduction, majority of the filling stations have to reduce their pump price,” he said.
(Daily Trust)
