BREAKING: NNPCL Increases Fuel Pump Price To N1,030
The pump price of the Petroleum Motor Spirit, PMS, also known as petrol has once more risen from its initial N830 to N1,030 per litre by the Nigerian National Petroleum Company Limited, NNPCL.
The new price was observed at NNPCL outlets in Abuja on Wednesday.
Premium Times reports that the recent development came after the NNPCL decided to terminate its exclusive purchase agreement with Dangote Refinery.
Going forward, it means the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.
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