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Business News of Wednesday, 31 May 2023

Source: www.mynigeria.com

NNPC announces increase in petrol pump price across its outlets

NNPC fuel station NNPC fuel station

The Nigerian National Petroleum Corporation (NNPC) has announced the increase in the pump price of petrol in all its various outlets.

In a statement released on Wednesday, May 31, the Chief Corporate Communications Officer, Garba Muhammad, said the adjustment of the pump price is in line with current market realities.

This comes days after the President, Bola Ahmed Tinubu announced the removal of subsidy.

Following the news, several filling stations have increased the fuel prices at their stations.

This has also led to the emerging of long queues in fuel stations as residents lament the high cost of fuel.

PRESS STATEMENT

ADJUSTMENT IN PUMP PRICE OF PMS


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.

Garba Deen Muhammad
Chief Corporate Communications Officer
NNPC Ltd.
Abuja

31.05.23

Read the statement below…