NNPC Announces New Fuel Price Across States
Vondigest reports that the Nigerian National Petroleum Company (NNPC) Limited has pegged the price of Premium Motor Spirit (PMS), popularly known as fuel or petrol, at N488 and N555 per litre at the peak.
This is coming hours after President Bola Tinubu announced an end to the removal of fuel subsidy in Nigeria.
Naija News understands that NNPC stakeholders met on Wednesday morning. A resolution of the meeting by the management approved an upward review of the NNPC PMS pump price table for Mega/Standard/Leased Stations, instructing all marketers to adjust retail prices for the petroleum product across states.
Before now, there had been speculations that the fuel price would be determined at a later time. However, the new table of retail prices for different geopolitical zones of the country has been reeled out by the management instructing marketers to effect the changes immediately beginning from Wednesday, May 31, 2023.
“Please implement meter change as approved, effective today 31st May 2023. Wayne is to attend to all locations as relates to their area of coverage in our network,” a statement of the management obtained by Daily Independent reads.
