Fuel Subsidy Removal: Nigerian Petroleum Company, NNPCL Releases N488 To N557 Fuel Pump Price Per Litre Across 36 States, AbujaAccording 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.
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. The development has been confirmed in Port Harcourt, Rivers State capital and Yenagua, Bayelsa state capital where the NNPCL mega stations are opened for sale but motorists refused to buy the product at the new price as they lament that the price is beyond what they can afford.
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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 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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