The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the ex-depot price of Premium Motor Spirit
(PMS), or petrol, to N899 per litre, down from the previous N1020 for oil marketers.
Joseph Obele, spokesperson for the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), confirmed this price cut in a statement on Saturday.
According to a document released by the NNPC’s commercial department, the price reduction follows a regional pricing scheme, with the new prices set as follows: Lagos, N899.0; Warri, N970.0; Oghara, N970.0; Port Harcourt, N970.0; and Calabar, N970.0.
This adjustment comes in response to the recent price changes announced by Dangote Refinery.
