Fuel Subsidy Removal: Nigerian Petroleum Company, NNPCL Confirms Adjusted Fuel Pump Prices Of Over N500 Per Litre At Its Filling StationsIn a statement issued on Wednesday by its Chief Corporate Communications Officer, Garba Deen Muhammad, the company said, “NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail outlets, in line with current market realities.
“As we strive to provide you with the quality service for which we are known, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.“The company sincerely regrets any inconvenience this development may have caused. According to the released price list, the new pump price for fuel, also known as premium motor spirit , ranges from N488 in Lagos State to N557 per litre in Yobe and Borno states, while it is N537 in Abuja.
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Nigerian Petroleum Company, NNPC Confirms Plan To Remove Fuel Subsidy, Cautions Against Panic Buying | Sahara ReportersThe Nigerian National Petroleum Company Limited (NNPCL) has given its support to the immediate removal of fuel subsidy by President Bola Tinubu on Monday. This was said by the GCEO of the company, Mele Kyari, in a statement who noted that the company had been spending a huge amount of its profits on fuel subsidy, indicating that its removal would be a huge relief for NNPC.
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Fuel Subsidy Removal: Nigerian Petroleum Company, NNPCL Releases N488 To N557 Fuel Pump Price Per Litre Across 36 States, Abuja | Sahara ReportersFollowing President Bola Tinubu’s announcement of fuel subsidy removal on Monday during his inaugural speech, the Nigerian National Petroleum Company Limited (NNPCL) on Wednesday morning released a list of adjusted pump prices for its mega stations across the 36 states of the federation and the Federal Capital Territory, Abuja. According to the released price list, the new pump price for fuel, also known as premium motor spirit (PMS), ranges from N488 in Lagos State to N557 per litre in Yobe and Borno states, while it is N537 in Abuja.
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Fuel Subsidy Removal In Line With Petroleum Industry Act; No Need For Panic Buying – Nigerian Downstream Agency, NMDPRA | Sahara ReportersThe Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that Nigerians should not panic over President Bola Tinubu’s announcement of fuel subsidy removal as it is in line with the Petroleum Industry Act (2021). NMDPRA in a statement by its General Manager, Corporate Communications, Kimchi Apollo, stated that the Petroleum Industry Act (2021) provides for total deregulation of the petroleum downstream sector to drive investment and growth.
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