Fuel Price Rises To N1,030 Per Litre …C0NTINUE READING HERE >>>
The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of Premium Motor Spirit (PMS) to N1,030 per litre at various outlets in Abuja on Wednesday.
This new price hike followed NNPC’s decision to terminate its exclusive purchase agreement with the Dangote Refinery.
NNPC had on Monday ended the initial agreement, paving the way for other marketers to directly purchase petrol from the refinery.
With this, NNPC is no longer the sole off-taker as marketers are now free to negotiate prices directly with the Dangote Refinery.
This shift aligns with the current…
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