The Nigerian National Petroleum Company Limited (NNPCL) has jerked up pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488 and N557 per litre.

A new pricing template purportedly sent to marketers by the NNPCL management to oil marketers late yesterday, directed that the new price adjustment come into effect from today.

From the new price template, Lagos State has the least price of N488 per litre while Maiduguri and Damaturu have the highest pump prices of N577 per litre.

The new NNPCL price template is applicable only to NNPCL retail outlets.

See the template below:

NNPC, in a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad on Wednesday, said pump price at its retail stations have been adjusted.

The statement read, “NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump price of PMS across our retail outlets, in line with the current market realities.

“As we strive to provide you the quality service we are known for, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.

“We assure you that NNPC Ltd. is committed to ensuring ceaseless supply of products.

“The Company sincerely regrets any inconvenience this development might have caused.

“We greatly appreciate your continued patronage, support and understanding through this time of change and growth”.

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