NNPC Reduces Pump Price of Petrol to N860 per liter
The Nigerian National Petroleum Company Limited (NNPC) has reduced its pump price of Premium Motor Spirit (PMS), also known as petrol, from N945 to N860 per liter. This adjustment comes a few days after the Dangote Petroleum Refinery lowered its ex-depot price, influencing market trends. As of the time of filing this report, there is […]
NNPC: Refrain from Panic buying of petrol
The Nigerian National Petroleum Company (NNPC) Limited has once again urged motorists to refrain from panic buying of Premium Motor Spirit (PMS), also known as petrol. This comes as the nationwide supply and distribution of the product continues to improve. Its Chief Corporate Communications Officer, Olufemi Soneye, in a statement said the queues at filling […]
Nigeria faces a fuel shortage despite the NNPC’s supply guarantee
Queues for Premium Motor Spirit (PMS) also known as petrol have continued to grow as the country faces a fresh round of fuel scarcity despite assurances by the (NNPC) Limited that it has resolved the cause of fuel shortages in the country. NNPC spokesman Olufemi Soneye had in a statement last week emphasised that the […]
NNPC collaborates with CBN to set limits for the management of the oil firm’s revenue
The Nigerian National Petroleum Company (NNPC) Limited has collaborated with the Central Bank of Nigeria (CBN) to set limits for the management of the oil firm’s revenue. The limit was set following a meeting between the CBN Governor, Olayemi Cardoso, and the NNPCL Group Chief Executive Officer, Mele Kyari, in Abuja to review the decision […]
NNPC Assures Nigerians No plan to Increase PMS Prices
The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol. NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price. According to […]
NNPC denies having dispute with independent petroleum marketers over an alleged subsidy on PMS
The Nigerian National Petroleum Company (NNPC) Limited has denied that it had a dispute with independent petrol marketers over an “alleged subsidy” on Premium Motor Spirit (PMS). There were reports that fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria clashed with the NNPC over whether the government was still paying […]