The Recent Fuel Price Hike By The Nigerian National Petroleum Corporation (Nnpc) Has Sent Ripples Through The Economy, Leaving Businesses Scrambling To Adjust To The Sharp.

He added that since today marks the commencement of petrol lifting from. The statement read, “the nnpc limited wishes to clarify rumours suggesting a price adjustment for premium motor spirit (pms) and automotive gas oil (diesel) at its retail. The nigerian national petroleum company limited (nnpc) lowered the price of premium motor spirit (petrol), also referred to as gasoline, at all of its retail locations in abuja.

Nigeria’s Nnpc Raised Fuel Prices As Part Of Its Move To Eliminate Costly Subsidies, Placing An Immediate Burden On Businesses And Consumers.

The petroleum products retail outlets owners association of nigeria (petroan) has indicated that the recent petrol price reduction by the nigerian national petroleum. Nnpc announces fuel price reduction, filling stations set to adjust pumps the nigerian national petroleum company limited (nnpcl) has announced a marginal reduction. “lower fuel prices will stimulate economic growth by reducing production costs and increasing demand for goods and services.

With The New Reduction, Nigerians Will Pay N20 Less At N1,040 Per Litre At Nnpc Filling Stations, While Other Stations, Depending On The Location, Sell Above N1,100.

As of saturday morning, the price of petrol at nnpc outlets in abuja dropped from ₦1,060 per litre to ₦1,040 per litre, representing a ₦20 per litre decrease. However, the nnpcl explained that it has not. The exclusion of other marketers from accessing fuel directly from the dangote refinery could mean higher prices for nigerian consumers, as nnpcl will be the sole.

Edun Predicted That With Sustained Local Petrol Distribution, The Fuel Pump Price Will Ultimately Reduce.

The price reduction will lead to a decrease in the. In recent weeks, nigeria has witnessed a series of reductions in the price of premium motor spirit (pms), commonly referred to as petrol. The government expects to save.

The Nigerian National Petroleum Company Limited (Nnpcl) Retail Stations In The Federal Capital Territory (Fct) Have Reduced The Price Of Premium Motor Spirit, Otherwise.

The nigeria national petroleum company ltd has launched a direct supply portal for independent petroleum marketers association of nigeria (ipman) members, resulting in a.