The Nigerian National Petroleum Corporation(NNPC) has insisted that they will be no increase in the price of Premium Motor Spirit (PMS), also known as petrol despite the PPPRA’s PMS guiding price, released to stakeholders, which showed that the price of PMS has reached N212.6 per liter.
Petrol is forecast to sell at a lower retail price of N209.61 and a higher retail price of N212.61, according to a template published by the PPPRA at midnight. Pump prices are typically set in the upper band by Nigerian marketers.
Meanwhile, the Nigerian National Petroleum Corporation in a tweet has revealed that they will be no increase in the price of petrol across the country for the month of March.
More details shortly…