Nigeria’s national oil company, NNPC Limited, has adjusted pump prices for Premium Motor Spirit (petrol) across its retail outlets in line with current market realities.
Previously, NNPC Limited sold PMS at N184 per litre in Lagos, N194 in Abuja, N189 in Port Harcourt and N194 per litre in Kaduna.
However, a statement issued by NNPC Limited on Wednesday announced about more than 160 per cent increases in the cost of petrol across its retail outlets.
In Lagos, PMS is now selling at N488 per litre, N537 per litre in Abuja, N511 per in Port Harcourt and N540 per litre in Kaduna.
“As we strive to provide you with the quality service for which we are known, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.
“We assure you that NNPC Limited is committed to ensuring a ceaseless supply of products,” a statement issued by Garba Deen Muhammad,Chief Corporate Communications Officer NNPC Ltd, said.
Source: https://energynewsafrica.com