The Nigerian National Petroleum Company, NNPC, Limited has instructed all petroleum marketers to adjust retail prices for the premium motor spirit to a range between N488 to N555 per liter.
The instruction which hit marketers early today cited management approval of the upward review of NNPC PMS pump price table for Mega/Standard/Leased Stations.
The new table of retail prices for different geopolitical zones of the country will be implemented by retail managers was instructed to take immediate effect beginning from May 31, 2023.
“Please implement meter change as approved effective today 31st May 2023. Wayne is to attend to all locations as relates to their area of coverage in our network,”
The new price schedule shows that petrol will sell highest in Maiduguri and Damaturu at N557 per liter, and N550 per liter in the rest of the Northeast zone.
In Birnin Kebbi petrol will sell at N545 to lead prices in Northwest zone. Average price in the North Central zone will be N537 per liter except in Illorin where it will sell for N515 per liter.
The new price list shows that consumers in the Southeast will buy at an average of N520 per liter.
Apart from Uyo and Yenegoa where petrol will now sell at N515 per liter, the rest of the Southsouth zone will get the product at N511 per liter.
Consumers in Lagos will buy the product at N488 per liter while the rest of the Southwest zone will get the product at N500 per liter.
