NNPCL Raises Fuel Pump Prices to N1,030 Per Litre After Market Shift

Nationalglint

The Nigerian National Petroleum Company Limited (NNPCL) has once again increased the price of Premium Motor Spirit (PMS), also known as petrol, to N1,030 per litre at select outlets. This price surge follows NNPCL’s termination of its exclusive purchase deal with Dangote Refinery, opening the market for other marketers to negotiate prices. In the Federal Capital Territory, the price was previously N897, while in Lagos, the cost jumped from N885 to N998.

NNPCL’s move is aimed at adjusting to the new dynamics in Nigeria’s petroleum market.

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