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    MarketForces Africa » MarketForces News » NNPC Hikes Petrol Pump Price to N537 Per Litre

    NNPC Hikes Petrol Pump Price to N537 Per Litre

    Olu AnisereBy Olu AnisereMay 31, 2023Updated:May 31, 2023 News No Comments1 Min Read
    NNPC Hikes Petrol Pump Price to N537 Per Litre
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    NNPC Hikes Petrol Pump Price to N537 Per Litre

    The Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday adjusted the pump price of Premium Motor Spirit (PMS) across its retail outlets, in line with the current market realities.

    The adjustment by NNPC Ltd. was triggered by the pronouncement of President Bola Tinubu that fuel subsidy has ended with the coming of his administration.

    A statement by Garba Muhammad, Chief Corporate Communications Officer of NNPC Ltd. said as it strived to provide quality service which the company was known for, prices would continue to fluctuate to reflect market dynamics.

    “The NNPC Ltd. wishes to inform our esteemed customers that we have adjusted our pump price of PMS across our retail outlets, in line with the current market realities.

    “We assure you that NNPC Ltd. is committed to ensuring a ceaseless supply of products. The Company sincerely regrets any inconvenience this development might have caused,” Muhammad said.

    He appreciated the continued patronage, support, and understanding of its customers through this time of change and growth. #NNPC Hikes Petrol Pump Price to N537 per Litre Naira Steadies as Banks Issue Update on FX Purchase

    NNPC Petrol
    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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