September 16, 2024

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NNPC Adjusts PMS Prices At Retail Outlets, Cites Current Market Realities

NNPC Adjusts PMS Prices At Retail Outlets, Cites Current Market Realities

The Nigerian National Petroleum Corporation Limited (NNPCL)  on Wednesday disclosed that  there has been an upward review of PMS prices at its retail outlets across the country.

Team@orientactualmags.com learned Garba Deen Muhammad, who is the Chief Corporate Communications Officer of the  NNPCL,  made this known  in a statement on Wednesday afternoon.

‘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.

We assure you that NNPC Limited is committed to ensuring a ceaseless supply of products.

The company sincerely regrets any inconvenience this development may have caused. We greatly appreciate your continued patronage, support, and understanding during this time of change and growth’ he submitted.

A  viral list had also featured a new table of retail prices  that was reportedly  adopted for the geopolitical zones in the country.

Retail managers of the  NNPCL outlets were reportedly instructed to implement the review from May 31, 2023.

‘Dear all. Following Management approval of the Upward review of NNPC PMS pump price as in below table for Mega/Standard/Leased Stations, Please find below schedules for the RMSs and Wayne to handle. Please implement meter change as approved effective today 31st May 2023. Wayne is to attend to all locations as relates to their area of coverage in our network’ .

According to the new price schedule, petrol will sell at N557 per litre in Maiduguri, Borno state, and Damaturu, Yobe state, while it will sell for N550 per litre in  other states in the North East zone.

 Those  in Birnin Kebbi will buy petrol at N545  per litre while the average price in the North Central zone will be N537 per litre, except in Illorin, Kwara state, where it will sell for N515 per litre-Team@orientactualmags.com
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