Hours after the unveiling of NNPC Limited, the Nigerian National Petroleum Corporation (NNPC) Limited has approved an increase in the pump price of Premium Motor Spirit (PMS) from N165 per litre to N179 per litre, effective today (Tuesday).
NNPC in a notice to fuel marketers directed them to change the petrol price on pumps to the new price effective today. This was even as the company equally increased the ex-depot price from N148.17 to N167 per litre.
This was even as the company equally increased the ex- depot price from N148.17 to N167 per litre.
This development came after weeks of petrol scarcity resurfaced across the country as fuel retailers were adopting different price bands to force unofficial deregulation attempts.
The new price increase differs by region. While States like Lagos had their price increased to N169, regions like the North East had theirs increased to as high as N189/Litre
A break down of the PMS pump price adjustment for the various regions is detailed below
