The Nigerian National Petroleum Company Limited (NNPCL) has once again raised the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N1,030 per litre.
This change was noticed at NNPCL stations in Abuja on Wednesday.
According to Premium Times, the price hike follows NNPCL’s decision to end its exclusive purchase agreement with Dangote Refinery, allowing marketers to negotiate prices directly with the refinery.
Details shortly