The Nigeria National Petroleum Corporation(NNPC) has reviewed the price of PMS, popularly known as Petrol
Effective 19th March 2020, NNPC has reviewed it’s Ex-coastal,Ex- depot and NNPC retail pump prices accordingly, this means that Ex-coastal price for PMS has been reviewed downwards from #117.6/litre to #99.44/litre, while Ex-depot price is reduced from #133.28/litre to #113.28/litre.
These reductions will therefore translate to #125/ litre retail pump price.
in a statement issued by Mr Mele K Kyari, Group Managing Director ,NNPC said that despite the obvious cost implication of this adjustment to the corporation, NNPC is delighted to effect this massive reduction of #20/ litre for the benefit of Nigerians.
The statement instructed all Nigeria National Corporation retail stations Nationwide to change all retail pump price to #125/ litre.