The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reassured citizens that the country has an adequate supply of petrol and urged them to avoid panic buying.
In a move aimed at reducing transportation costs during the festive season, Dangote Petroleum Refinery recently lowered the price of Premium Motor Spirit (PMS) to N899.50 per litre.
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This development is expected to bring relief to Nigerians and foster healthy market competition.
IPMAN also encouraged its members to adjust their pump prices to align with the new rates, noting that this will attract more customers and eliminate queues at filling stations.
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Many marketers have already begun implementing the price change, reflecting a shift towards smoother fuel availability nationwide.
This follows an earlier reduction in November, when Dangote Refinery lowered the price of petrol to N970 per litre.
