"Petrol Prices Should Reduce In July" — IPMAN Official

There have been announcements of reductions in petrol prices, raising hopes that Nigerians would finally get some relief at the pump. Yet, in many parts of the country, motorists say they are still paying high prices for fuel, with little or no difference at their local filling stations.

So, what is delaying the reduction? Are marketers still selling old stock bought at higher prices, or are there other factors keeping pump prices high? And when can Nigerians expect to start paying less for petrol?

In this episode of Nigeria Daily, we speak with motorists, hear from the Independent Petroleum Marketers Association of Nigeria (IPMAN), and get expert insights into why the latest price cuts are yet to be fully reflected at filling station and whether cheaper petrol is likely in July.