Just In: NNPC adjusts petrol pump price

The Nigerian National Petrol Company (NNPC) Limited has confirmed the hike in the pump price of Premium Motor Spirit (PMS), popularly known as petrol.

This is coming some 48 hours after President Bola Tinubu announced an end to the subsidy era during his inaugural speech at Eagle Square on May 29, 2023.

NNPC spokesman, Garba Deen Muhammad, in a statement on Wednesday informed that the price of the essential commodity has been adjusted to its retail outlets nationwide.

He, however, noted that the price per litre of petrol will continue to fluctuate to reflect market dynamics.

“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,” the statement partly read.

“As we strive to provide you with the quality service for which we are known, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.

“We assure you that NNPC Limited is committed to ensuring a ceaseless supply of products,” it added.