Tuesday, March 31

PMS Pump price now N125 litre

The Nigerian government on Wednesday, has announced the reduction of fuel to 125 per litre. According the Nigerian National petroleum corporation (NNPC), this move was in accordance with the directive of the minister of state for petroleum resources on petrol pricing.
The corporation said it has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.
“Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre,” Mele Kyari, NNPC Group Managing Director said.
“These reductions will therefore translate to N125/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 N20/litre for the benefit of all Nigerians.
“Accordingly, all NNPC Retail stations nationwide have been directed to change the retail pump price to N125/litre.”

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