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Energy & OilNewsTop stories

Subsidy Removal: NNPC Adjusts Pump Price of Petrol to Reflect Market Realities

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: May 31, 2023
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2 Min Read
NNPC Ltd
NNPC Ltd
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The Nigerian National Petroleum Company (NNPC) Limited has announced an adjustment in the pump prices of petrol, also known as Premium Motor Spirit (PMS), across its retail outlets.

According to a statement signed by Garba Deen Muhammad, the Chief Corporate Communications Officer of NNPC Ltd, the move is in line with the current market conditions and aims to provide customers with the quality service

“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,” the statement reads.

“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.”

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The statement further assured customers of NNPC’s commitment to ensuring a ceaseless supply of products and expressed regret for any inconvenience caused by this development.

“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,” the statement said.

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Okay.ng understands this is coming following the removal of the petrol subsidy.

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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