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Showing posts from May, 2023

NNPC Reveals New Fuel Pump Prices...

 NNPC Reveals New Fuel Pump Prices... ... Nigerians in different geopolitical zones to pay different prices The Nigerian National Petroleum Company (NNPC) Limited has officially announced the new price range for Premium Motor Spirit (PMS), commonly known as fuel or petrol. Reports has it that, the prices have been fixed at N488 and N555 per litre at the peak, effectively marking the end of the fuel subsidy era in Nigeria. This decision follows shortly after the newly elected President, Asiwaju Bola Ahmed Tinubu, declared the termination of fuel subsidy in Nigeria. Earlier on Monday, 29 May, immediately after the inaugural speech of the President, long queues were seen in petrol stations in and around Benin, the capital of Edo state, as operators of petrol stations immediately became apprehensive on what the outcome of the fuel subsidy removal will lead to.  This revelation had thrown the downstream sector of Nigeria’s petroleum industry into confusion. It was learnt that during a meeti