NNPC Complies To Sylva’s Directives To Reduce Fuel Price To N125

The Nigeria National Petroleum Corporation), on Wednesday says its has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices in compliance with the directives of the Honourable Minister of State for Petroleum Resources, Timipre Sylva on PMS pricing accordingly.

Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre.

These reductions will therefore translate to N125/litre retail pump price.

Despite the obvious cost implication of this immediate adjustment to the Corporation, NNPC is delighted to effect this massive reduction of N20/litre for the benefit of all Nigerians.

Accordingly, all NNPC Retail stations nationwide have been directed to change the retail pump price to N125/litre, Mele K. Kyari, Group Managing Director, NNPC said in a statement he personally signed.