NIPSS Predicts Petrol Prices May Drop to N750 Per Litre by Year-End

NIPSS Predicts Petrol Prices May Drop to N750 Per Litre by Year-End

The National Institute for Policy and Strategic Studies (NIPSS) has forecasted a potential decrease in petrol prices, estimating that the cost could dip to as low as N750 per litre by the end of the year. 

NIPSS Director-General Ayo Omotayo shared this projection during an appearance on Channels Television, attributing the expected price reduction to the operations of the Dangote Refinery and other local refineries, such as the Port Harcourt refinery, which has been running for 110 days.