September 21, 2020
Economy

NNPC Announces Compliance With New Pump Price

In compliance with the directives of the Honourable Minister of State Petroleum resources on Premium Motor Spirit, PMS pricing, the corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump price accordingly.

Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from ₦117.6/litre to ₦99.44/litre while Ex-Depot price is reduced from ₦133.28/litre

These reductions will therefore translate to ₦125/litre retail pump price.

Despite the obvious cost implication of this immediate adjustment to the Corporation, NNPC is delighted to effect this massive reduction of ₦20/litre for the benefit of all Nigerians

Accordingly, all NNPC Retail stations nationwide have been directed to change the retail pump price to ₦125/litre.

Mele K.Kyari

Group Managing Director, NNPC

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