Nigerians’ fear comes true as petrol price hits N212 per litre

petrol price hits N212 per litre

Nigerians’ fear comes true as petrol hits N212 per litre   Barely two weeks after the Nigerian National Petroleum Corporation (NNPC) promised there would be no price hike for Premium Motor Spirit (PMS) popularly known as petrol in March, the price has hit N212 litre. On February 28, NNPC spokesman, Kennie Obateru, gave the assurance in a statement, in reaction to the long queues in some states perceived by many as prelude to a looming price hike. “Contrary to speculations of an imminent increase in the price of PMS in the country,…

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FG reduces petrol price to N162.44 per litre

Nigeria imports 1.68 billion litres of petrol in January – NNPC

The federal government has reduced petrol price, otherwise known as premium motor spirit (PMS) from N168 per litre to N162.44 per litre effective from December 14, 2020. Chris Ngige, Minister of Labour and Employment, told reporters at the end of a meeting with labour leaders which began at 9pm on Monday and ended at 1:30am on Tuesday. The product presently sells at N168, following the decision of the Petroleum Products Marketing Company (PPMC), a subsidiary of the federal government – owned Nigerian National Petroleum Corporation (NNPC) to increase the ex-depot…

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