Categories: News

NNPC Confirms Increase In Fuel Pump Price

NNPC Limited, has confirmed the full deregulation of the downstream sector of the Nigerian Petroleum Industry with petrol now selling at market price following the removal of subsidy by President Bola Tinubu.

NNPC, in a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad on Wednesday, said pump price at its retail stations have been adjusted.

The statement read, “NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump price of PMS across our retail outlets, in line with the current market
realities.

“As we strive to provide you the quality service we are known for, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.

“We assure you that NNPC Ltd. is committed to ensuring ceaseless supply of products.

“The Company sincerely regrets any inconvenience this development might have caused.

“We greatly appreciate your continued patronage, support and understanding through this time of change and growth”.

Checks by Vanguard around Abuja City centre and surrounding areas showed that while NNPC retail stations have raised their prices to N537 per litre from N195 per litre, major and independent marketers dispensed at N540 per litre.

The Spectacles

The Spectacle is an online news platform that covers Nigeria. We are your one-stop Nigerian portal for all Nigerian news – politics, education, Opinion and Zamfara current affairs

Recent Posts

Zamfara Government, Labour Unions Sign MoU on New Minimum Wage

The Zamfara State Government and the state chapters of the National Labour Congress (NLC) and…

2 weeks ago

Zamfara Workers Express Disappointment Over Minimum Wage Delay

In the ongoing dispute regarding the implementation of the ₦70,000 national minimum wage, Zamfara State…

3 weeks ago

Organised Labour, Cross River Govt Reach Agreement on ₦70,000 M’Wage

The Cross River State Government and Organised Labour have reached an agreement on the implementation…

3 weeks ago

Minimum Wage: Abia Replies NLC, Distances Self From Defaulting States

The Abia State Government has strongly refuted claims by the Nigeria Labour Congress (NLC) that…

3 weeks ago

Minimum Wage: LG Workers, Primary Teachers to Benefit as NLC Reconciles with Sokoto Govt

The Nigeria Labour Congress (NLC) Sokoto State Chapter has assured local government staff and primary…

3 weeks ago

NLC Confirms Ondo Workers to Start Receiving ₦73,000 M’Wage Next Week

The Ondo State chapter of the Nigeria Labour Congress (NLC) has assured government workers that…

3 weeks ago