Wednesday, December 7, 2022
Home Downstream NNPC releases new pump prices of petrol, Lagos N169, Abuja N174

NNPC releases new pump prices of petrol, Lagos N169, Abuja N174

The Nigerian National Petroleum Corporation (NNPC) Ltd, has approved an upward review of pump prices of petrol across various regions in Nigeria.

According to a report made available to ENERGY TIMES earlier on Tuesday, the new price regime takes effect immediately.

A breakdown shows that in the Southwest a pump price goes for N179 from N165 per liter, an increase of N14/liter, North West N184 per liter, an increase of N19/liter, North East N189/liter, N24/liter increase, South South N179/liter, an increase of N14/liter.

Others are North Central N179/liter, South East N179/liter, While In Abuja, a liter of fuel now goes for N174 and Lagos N169/ liter.

The ex- depot price has also moved from N148.17 in Lagos to between N160-162 per liter, Warri/ Ogbarra N162-165 and Ph N165-167 per liter from N148.17

“You are hereby directed to change your PMS price on pumps and Totems to the new price effective 19/07/2022”, the memo to the oil marketers reads.

The new prices regime coincided with the today’s transformation of the NNPC Ltd to a fully commercial entity with the largest equity in the Nigerian stock market.

The unveiling ceremony will be performed by the Nigerian President, Mohammadu Buhari in Abuja.

RELATED ARTICLES

NMDPRA gives reason for long queues at Abuja filling stations

As part of measures to mitigate the situation, trucking via alternative routes is currently ongoing. The Authority assures the public that there are sufficient petroleum products inland.

Importation of petroleum products into Nigeria cease by mid-2023 -Kyari

He said that the combined output of Nigeria’s refineries being revamped and Dangote refinery would be enough to stop importation.

Nigeria’s Crude oil refiners meet NMDPRA

The discussion centered on ways to foster good relationship and the need for refiners to collaborate closely with the Authority.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

POWER OUTAGE AS TRUCK HITS TCN TRANSMISSION TOWER

The company in a statement said the current restricted outage situation in parts of Abuja, is caused by a truck loaded with gravel that lost control and crashed into TCN’s 132kV transmission tower No 20, supplying bulk electricity to the 100MVA part of the Katampe Substation and 2x60MVA GIS Central Area Substation.

Nigeria, Morocco, five other W/African Countries sign on Gas Pipeline Project

NNPCL in a series of tweets, said Nigeria's @nnpclimited, Morocco's ONHYM and the nations of Ghana, The Gambia, Guinea, Guinea Bissau & Sierra Leone, signed an MoU on the gas pipeline project

NDPHC decries incessant vandalisation of power transmission facilities

“We will be relentless in hunting these vandals down, particularly those who assassinated the young man.”

Vandals destroy six transmission towers, kill vigilante in Rivers

On September 3, 2022, some miscreants attacked and vandalized the 330kV DC Afam – Onne Transmission Line in Gbake community of Ogoniland, River State.

Recent Comments