Politics
BREAKING: NNPCL Announces Another Increase In Fuel Pump Prices
BREAKING: NNPCL Announces Another Increase In Fuel Pump Prices
The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of Petroleum Motor Spirit (PMS), commonly known as petrol, to N1,030 per litre.
This increase was noted at NNPCL outlets in Abuja on Wednesday. According to Premium Times, the price hike follows the termination of NNPCL’s exclusive purchase agreement with Dangote Refinery.
As a result, NNPCL will no longer be the sole off-taker, allowing marketers to negotiate prices directly with Dangote Refinery. Further updates are expected.
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