NNPC confirms new petrol price increase

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Abuja, May 31, 2023 – The NNPCL on Wednesday confirmed that it has adjusted pump prices of petrol across their retail outlets in line with current market realities.

The corporation said this in a press statement signed by the Chief Corporate Communications Officer, Garba Deen Muhammad, and shared on Twitter.

“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 NNP 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,” the statement said.

The official confirmation of petrol price increases will put to rest speculations on the price adjustment and the confusion and lonq queues in petrol stations across the country.

President Tinubu had, on Monday, in his inaugural address to the nation, said that the era of petrol subsidy had gone in the country. (GBN)

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