Competition begins as NNPC Sells at 135

NNPC Alakuku in Lagos has started sale of PMS below 140 putting it's pump price  at exactly 135 per litre.

It was further gathered that NNPC after Kaso bus stop  sells for 140 while Oando at Iju ishaga sells for 143.

The government has predicted that the deregulation of the oil stream sector will reduce hardship faced by Nigerian while trying to purchase PMS and also bring competition which will make price drop drastically before the year.

Petrol stations who cannot be competitive might have to shut down because Nigerian might prefer to buy less than spend more with the current economic situation.