March 03, (THEWILL) – The Nigerian National Petroleum Company Limited (NNPC) has reduced its pump price of Premium Motor Spirit (PMS), also known as petrol, from N945 to N860 per liter.
This adjustment comes less than a week after the Dangote Petroleum Refinery, on Wednesday, slashed its ex-depot price to N825, influencing market trends.
Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Hammed Fashola, confirmed the reduction.
“It is true, NNPC is selling petrol at N860 in the filling stations. Though this has not reflected on the portal, they told me they are working on updating the portal”, he said.
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