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NNPC approved fuel price reduction, commencement date, reveals new cost

The Nigeria National Petroleum Corporation (NNPC) has reported that it had looked into its Ex-waterfront, Ex-station, and NNPC Retail siphon costs.

Mele Kyari, Group Managing Director, NNPC affirmed this in an announcement he by and by marked Wednesday evening.

The discharge made accessible to SamsKoncept noticed that the improvement was consistent with the mandates of the Minister of State for Petroleum Resources, Timipre Sylva on PMS estimating.

Kyari noticed that compelling nineteenth March 2020, NNPC, Ex-Coastal cost for PMS has been looked into downwards from N117.6/liter to N99.44/liter.

Also, Ex-Depot cost is decreased from N133.28/liter to N113.28/liter.

He said these decreases will along these lines mean N125/liter retail siphon cost.

Kyari included that regardless of “the undeniable cost ramifications of this quick change in accordance with the Corporation, NNPC is pleased to impact this monstrous decrease of N20/liter to serve all Nigerians.

“Likewise, all NNPC Retail stations across the country have been coordinated to change the retail siphon cost to N125/liter”, the announcement finished up

 

Comments (1)

  1. It’s ought to be lesser than!!

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