The Nigerian National Petroleum Company (NNPC) Limited says
it has adjusted the price of petrol, also known as premium motor spirit (PMS),
across its retail outlets.
In a statement on Wednesday, Garba Deen Muhammad, NNPC’s
spokesperson, said the adjustment is in line with market realities.
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… pic.twitter.com/sL0tePldqg
— NNPC Limited (@nnpclimited) May 31, 2023
“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 reads.
“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 oil company said it regrets any inconvenience the
development may cause Nigerians.
“We greatly appreciate your continued patronage, support,
and understanding during this time of change and growth,” NNPC said.
The development, typical of a subsidy-free regime, comes at
a time when Nigerians are uncertain as to whether the current petrol subsidy
has ended as declared by President Bola Tinubu, or whether the policy would
take off next month.
Although Tinubu had said petrol subsidy had stopped, the
Asiwaju Bola Ahmed Media Centre says the president’s statement was not a new
development but a restatement of the federal government’s intention to end
subsidy by June.
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