Subsidy Is Gone: NNPC Adjusts Pump Price To Reflect New Reality

The Nigerian National Petroleum Company (NNPC) Limited has confirmed the adjustment in the pump price of Premium Motor Spirit (PMS), popularly called petrol.

NNPC Confirms New Pump Price Of Petrol
NNPC Confirms New Pump Price Of Petrol

The NNPCL made this known via a statement on Wednesday by its spokesman, Garba Deen Muhammad.

To Garba, the pump price of petrol across all its retail outlets have been adjusted to reflect current market realities.

Also, in a way of sympathising with Nigerians, the statement adds that the company regrets any inconvenience this development may cause and pleaded for continued patronage, support, and understanding.

Full Statement

Current Market Realities

“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.

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“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.

Change And Growth

“We assure you that NNPC 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.”

NNPC official statement on petrol price
NNPC official statement on petrol price

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Furthermore, a template which emerged earlier on social media shows the adjusted prices of petrol in Nigeria.

This is the new reality that the fuel subsidy removal has brought upon Nigerians.

See image below.

NNPC adjusted Pump price
NNPC adjusted Pump price

HOW NIGERIANS ARE REACTING TO THE FUEL SUBSIDY REMOVAL

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