The Nigerian National Petroleum Company Limited (NNPCL) has confirmed a new price regime for Premium Motor Spirit (PMS), so Nigerians should prepare for tougher times. The revised pricing structure was verified by NNPCL in a release from its Chief Corporate Communications Officer, Garba Deen Muhammad, dated May 31, 2023. It was claimed in the press release titled "Adjustment In Pump Price Of PMS" that the change in the price of petrol at the pump was consistent with the status of the market at the time. The NNPCL stated that prices "will continue to fluctuate in order to reflect market dynamics" and was unable to guarantee the stability of the new price regime for PMS. However, it pledged to make every effort to deliver high-quality service and continuous supply to petroleum product end users. “NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail outlets, in line with current market realities. “As we str
This is a platform created to serve our esteem readers with accurate, objective and balanced news at all times