The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), or petrol, to N899 per litre, down from the previous N1020 for oil marketers......Read The Full Article>>.....Read The Full Article>>
Joseph Obele, spokesperson for the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), confirmed this price cut in a statement on Saturday.
According to a document released by the NNPC’s commercial department, the price reduction follows a regional pricing scheme, with the new prices set as follows: Lagos, N899.0; Warri, N970.0; Oghara, N970.0; Port Harcourt, N970.0; and Calabar, N970.0.
This adjustment comes in response to the recent price changes announced by Dangote Refinery.
