The Nigerian National Petroleum Corporation Limited (NNPCL) has confirmed an upward review of pump price of petrol.
This was confirmed in a statement issued on Wednesday by Garba Deen Muhammad, Chief Corporate Communications Officer, NNPC Ltd, in Abuja.
“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 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.
“The company sincerely regrets any inconvenience this development may have caused. We greatly appreciate your continued patronage, support, and understanding during this time of change and growth.”
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Nigerians woke to reports of upward review of fuel price from N197 to above N500 per litre.
According to a widely circulated list, a new table of retail prices had been adopted for different geopolitical zones of the country.
Retail managers of NNPCL outlets were instructed to implement the review from May 31, 2023.
“DEAR ALL. Following Management approval of the Upward review of NNPC PMS pump price as in below table for Mega/Standard/Leased Stations, Please find below schedules for the RMSs and Wayne to handle. Please implement meter change as approved effective today 31st May 2023. Wayne is to attend to all locations as relates to their area of coverage in our network,” a statement read.
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