NNPC Announces Reduction in PMS Pump Price to N125 per Litre

Wednesday, March 18, 2020   /06:55 PM / By NNPC / Header Image Credit: The Guardian Nigeria

In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre.

These reductions will therefore translate to N125/litre retail pump price.

Despite the obvious cost implication of this immediate adjustment to the Corporation, NNPC is delighted to effect this massive reduction of N20/litre for the benefit of all Nigerians.

Accordingly, all NNPC Retail stations nationwide have been directed to change the retail pump price to N125/litre.

Related News

1. Oil Price Plunge to Pressure US Energy States and Locals
2. Average Prices Of PMS, AGO, HHK and Cooking Gas - February 2020
3. The Oil Price Collapse Is Far From Over - OIR 170320
4. Prepare For Bankruptcies, Layoffs And A Drilling Slowdown - OIR 130320
5. Uber's Green Competitor Is Riding A $30 Trillion Mega-Trend
6. Oil Shock Compounds Sovereign Credit Risks from Coronavirus
7. Fall Out of OPECplus Coalition Pushed Oil Prices Lower to $34.36pb
8. Dangote Subsea Pipeline to Boost Nigeria's Gas Supply, Reduce Flaring
9. Oil Price Drop May Cushion Demand Loss for Europe's Refiners
10. Oil and Coronavirus Shocks Add Pressure for MEA Sovereigns
11. The Oil Price War Has Only Just Begun - OIR 100320
12. Massive Supply Overhang to Keep Crude Prices Subdued
13. Oil Drops 31% in Worst Loss Since Gulf War as Price Fight Erupts
14. Oil Set To Plunge Another $10 On The Open
15. The World's Most Powerful Oil Alliance Is Falling Apart - OIR 060320
16. Oil Prices Rebound As Central Banks Intervene - OIR 030220