Nigerian National Petroleum Corporation Adjusts Pump Prices of PMS in Response to Market Realities

The Nigerian National Petroleum Corporation Limited (NNPCL) has announced an adjustment in the pump prices of Premium Motor Spirit (PMS) at all their retail outlets. This decision comes as a response to the current market realities affecting the petroleum industry.

Pump Price Adjustment: The NNPCL, through a statement signed by its chief corporate communications officer, Garba Deen Mohammad, revealed that there has been a revision in the pump prices of PMS across their retail outlets. This step is being taken to align with the prevailing market dynamics and fluctuations.Fluctuating Prices: The statement emphasizes that the petroleum market continues to experience fluctuations, and there is no clear end in sight yet. The NNPCL acknowledges the importance of providing quality service while adapting to the ever-changing market conditions.

Commitment to Supply: Despite the price adjustments, the NNPCL assures the public of its unwavering commitment to ensuring the uninterrupted supply of petroleum products. The corporation acknowledges any inconveniences caused by this development and expresses regret for the same.The NNPCL’s decision to adjust pump prices reflects the organization’s effort to navigate the challenges posed by market dynamics and maintain a consistent supply of petroleum products to consumers.