A fuel station in Calabar, Prosperous Oil and Gas Limited, on Wednesday reduced the price of Premium Motor Spirit from N145 per litre to N139, citing the need to lighten the burden on consumers
as the main reason.

This is coming barely one week after an outlet owned by Basol Petroleum Limited located in the Calabar-South axis of the Cross River State capital had also brought down the unit price of PMS for the same reason. Group Managing Director of Prosperous Oil and Gas Limited, Mr. Abiodun Isinkaye, said the company was in sympathy with consumers that suffered so much hardship during the period of extreme fuel scarcity.

As an independent petroleum outlet, Isinkaye noted, however, that the reduction in price also meant small profit for his company. “This reduction in price of PMS to N139 per litre is starting with our Calabar headquarters. It will extend to other stations…

Source: PunchNg