The Nigerian National Petroleum Company Limited, NNPCL, has again jerked up the pump price of the Petroleum Motor Spirit, PMS, also known as petrol to N1,030 per litre.
The Nigerian National Petroleum Company Limited, NNPCL, has again jerked up thpump price of the Petroleum Motor Spirit, PMS, also known as petrol to N1,030 per litre.
The development was observed at NNPCL outlets in Abuja on Wednesday.
According to Premium Times, the recent development came after the NNPCL decided to terminate its exclusive purchase agreement with Dangote Refinery.
This means the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.
Details later…