“Fuel Prices will continue to fluctuate to reflect market dynamics”
Following the removal of fuel subsidy as announced by President Bola Ahmed Tinubu during his inaugural speech on May 29, 2023, NNPC, in a press statement issued on May 31, 2023, announced that the pump prices of PMS at all NNPC retail outlets have been modified to align with the current market condition. This means that the prices are subject to change in response to market fluctuations.
The new rates now fall within the range of N488-N537 per liter.
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