NNPCL Raises Ex-Depot Petrol Prices Amid Economic Pressures

The Nigerian National Petroleum Company Limited (NNPCL) has announced a significant increase in the ex-depot prices of Premium Motor Spirit (PMS), effective Wednesday, October 9.

The new price list indicates that the ex-depot price in Calabar has surged to N1,050 per litre, while in Lagos, it is now set at N1,010 per litre.

In Port Harcourt, the price has been adjusted to N1,045 per litre, with depots in Ogara, Koko, and Warri also seeing an increase to N1,040 per litre.

This latest adjustment is a response to ongoing economic challenges and fluctuating global oil prices.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

READ ALSO:CBN Announces Sale of $20,000 to Each BDC at N1,590/$1

In a statement, NNPCL emphasized its commitment to maintaining a stable supply of fuel while navigating the complexities of the global oil market.

The company urged marketers to ensure that the new prices are reflected at retail stations promptly.