Petrol: We are not at our full market pricing level yet

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 78%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

NNPC said the current increase in petrol pump price does not reflect free market conditions.

INVESTIGATION: Beyond the Facade: Unveiling the Violence in Nigeria’s ‘Peaceful’ Presidential ElectionsINVESTIGATION: Inside Nasarawa schools where teaching, learning are tortuous, dangerousThe invisible obstacle to personal growth, By Mohammed Dahiru AminuINVESTIGATION: How displaced Nigerian villagers are massacred in search for food

On Tuesday, NNPC Ltd adjusted the pump price of petrol to N897 from N617 as motorists and commuters grumbled amid the uncertainty. Other independent stations have also adjusted their pump prices, in some instances above N900 per litre. “It should be a free market, unrestricted market-based conditions…what’s sustainable is the unrestricted free market pricing of PMS. That way, competition takes over, and Nigerians will get the best.

“So, we are ensuring that deliveries are made to stations. We are doing our best to make sure that there are no diversions,” he added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines