Nigeria’s National Oil Company (NNPC) Limited has adjusted the price of premium spirit (PMS), popularly known as petrol, upward after lifting the commodity at the price of N898 per litre from Dangote Refinery, Africa’s largest crude oil processing refinery in Lagos, Nigeria.
The NNPC said in a statement that a litre of PMS would be sold at N960.22 in Oyo State, N999.22 in Sokoto State, N999.22 in Kano State, N999.22 in Kaduna, N950.22, N980.22 in Rivers State, N992.22 in FCT and N1,019.22 in Bono State.
These increments incorporated the fee for NMDPRA (N8.99), inspection (N0.97), Distribution Cost (Lagos ) (N15) and Margin (N26.48).
The NNPC commenced lifting PMS from Dangote Refinery located in the Ibeju-Lekki area of Lagos State on Sunday.
Source: https://energynewsafrica.com