Posted by Samuel on Wed 09th Oct, 2024 - tori.ng
The recent development came after the NNPCL decided to terminate its exclusive purchase agreement with Dangote Refinery.
The Nigerian National Petroleum Company Limited (NNPCL) has raised the pump price of Petroleum Motor Spirit (PMS), commonly known as petrol, to N1,030 per litre.
The development was observed at NNPCL outlets in Abuja on Wednesday.
According to Premium Times, the recent development came after the NNPCL decided to terminate its exclusive purchase agreement with Dangote Refinery.
This means the NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery.
More to follow…