Energy

NNPCL Releases New Petroleum Pump Price

By Web News 1538

The Nigerian National Petroleum Ccompany Limited (NNPCL) has jerked up pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488 and N557 per litre.
A new pricing template purportedly sent to marketers by the NNPCL management to oil marketers late yesterday, a copy of which was obtained by newsmen, directed that the new price adjustment come into effect from today.

From the new price template, Lagos State has the least price of N488 per litre while Maiduguri and Damaturu have the highest pump prices of N577 per litre.

The new NNPCL price template is applicable only to NNPCL retail outlets.

See the template below:

Thenationonline/Oluwayemisi Owonikoko

Energy

Most Ibadan Filling Stations Yet To Adjust To New Pump Price

By Web News 1059

Filling stations in Ibadan metropolis are yet to effect the reduction in the fuel pump price to 162 naira as announced last week by the federal government.

Radio Nigeria correspondent who visited some petroleum stations in Apete, Sango, Mokola and Dugbe areas observed that they were still selling at 168 naira.

One of the dealers of the stations who did not want his name mentioned said marketers were yet to receive directives from the authorities about the five naira reduction.

He maintained that the new price if effected would bring huge loss to the marketers noting that the earlier announcement by federal government was not appropriate.

Some motorists expressed displeasure over the situation saying that the government needed to carry marketers along before the reduction.

Two of them, Mr John Adekola and Mr Sulaimon Okebukola said the situation should be addressed in time to reduce the hardship being experienced by people.

Tawakalit Ibrahim

Economy

New Pump Price: Filling Stations Begin Compliance

By Web News 893

The level of compliance to the new pump price of Petroleum Motor Spirit, PMS, in some filling stations in Ibadan has improved.

Our correspondent who monitored the situation reports that a good number of both major and independent marketers had complied with the new official pump price of one hundred and twenty-five naira per litre.

A visit to some filling stations in areas like Sango, Agbowo, Oke-Ado, Challenge, Odo Ona and Molete showed that most of them had changed their meters to the new pump price.

However, fillings stations like Nurduk at Oke-Ado was still selling at one hundred and forty-five naira per litre.

Some motorists and commercial drivers called on Department of Petroleum Resources, DPR, to enforce the new price on filling stations that were yet to comply.

They, however, urged the federal government to further reduce the pump price of petrol considering the continuous fall in the price of oil in the international market.

Olukemi Akintunde

Economy

New Pump Price: Most Filling Stations in Ibadan Yet to Comply

By Web News 850

Filling stations in Ibadan Metropolis are yet to comply with the federal government’s directive to reduce the pump price of petroleum from 145 to 125 naira.

A team of Radio Nigeria correspondents who monitored the level of compliance in filling stations at Felele, Oke-Ado, Dugbe, and Mokola areas of Ibadan observed that most of the filling stations were still selling at the old price of #145.

An independent marketer claimed that they were still waiting for a directive from the Department of Petroleum Resources, DPR.

Also, at Bovas, a fuel attendant explained that modalities for the reduction in pump price had not been adequately communicated to them.

Meanwhile, some residents of Ibadan have expressed displeasure that despite the directive to take immediate effect, filling stations are yet to comply.

They advised relevant government agencies to ensure enforcement of this directive in filling stations.

Mosope Kehinde

Economy

NNPC Announces Compliance With New Pump Price

By Web News 781

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