The Nigerian National Petroleum Corporation (NNPC) has released an official statement announcing increment in petrol pump price.
According to the statement by its Chief Corporate Communications Officer, Garba Muhammad, NNPC says the adjust of the pump price across its retail outlet is in line with current market realities.
Aside from NNPC, Both major and non-major marketers of petroleum products across the country have also followed suit, selling from N488-N700.
It’s no longer news that the country is in a state of confusion and chaos since Monday, May 29, when fuel subsidy removal was announced by president Tinubu, unanimously, during his inaugural speech. Subsidy removal has resulted in fuel scarcity and increase in pump price, just as feared by many Nigerians.
Read the statement below…