September 03, (THEWILL) – The Nigerian National Petroleum Company (NNPC) Limited has announced an increase in the pump price of the Premium Motor Spirit (PMS), commonly called petrol.
In a notice on Tuesday, the company noted that effective 3rd September, the pump price of Petrol has been increased from N617/litre to N897/litre.
“This is to inform you that NNPC Retail Management has approved an upward review of the PMS pump price from N617/litre to N897/litre effective today, 3rd September, 2024. Please ensure all your pumps and totems (price boards)/MIDs reflect the new PMS price of N897/litre.”, the notice read.
Findings by THEWILL, on Tuesday, showed that most retail stations of the NNPC had adjusted to the new price of N897/litre.
The Company had lamented on Sunday, its indebtedness to oil suppliers. The company has been reeling with debts of $6bn to oil traders for supply since January. This has affected its ability to supply the local market where fuel queues have persisted since July.
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