Nigerian National Petroleum Corporation (NNPC)

Vehicular queues have returned to filling stations in Federal Capital Territory (FCT), Oyo and Yobe states in spite of an assurance by the Nigerian National Petroleum Corporation (NNPC) that it had enough Premium Motor Spirit (PMS), otherwise known as fuel, to last the nation over 40 days

The Nigerian National Petroleum Corporation (NNPC) has denied reports of any increment in the price of Premium Motor Spirit (petrol) in the country in March 2021.

The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre.

Petrol queues surfaced in parts of Abuja on Monday evening and intensified on Tuesday morning.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kolo Kyari, has said that subsidy on petrol was removed because it was characterised by fraud perpetrated by members of a cabal.


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