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The Nigerian National Petroleum Company (NNPC) Limited has set the price of Premium Motor Spirit (PMS), also referred to as fuel or Petrol , at between N488 and N555 per litre at its highest point.
This is coming barely three days after President Bola Tinubu announced an end to removal of fuel subsidy in Nigeria.Advertisement
On Wednesday morning, NNPC participants convened.
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 with immediate effect beginning from Wednesday, May 31, 2023.Advertisement
Please implement meter change as approved effective today 31st May 2023.
This decision directs all marketers to alter retail prices for the petroleum product across states.
Before now, there had been speculations that the fuel price will be determined at a latter time.
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