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Petrol to sell as high as N550/litre and NNPC says latest adjustment is in line with ”current market realities”

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NNPC retail outlet
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TUE, MAY 31 2023-theGBJournal |NNPC Limited has officially announced adjustments to the pump prices of PMS across its retail outlets in Nigeria, and said the adjustments are in line with current market realities.

The corporation noted that prices will continue to fluctuate to reflect market dynamics, and assures of its commitment to ensuring a ceaseless supply of products.

”The company sincerely regrets any inconvenience this development may have caused,” NNPC said in a statement signed by its Chief Corporate Communication Officer, Garba Deen Muhammad.

The announcement follows the huge backlash that trailed the sudden reappearance of petrol queues around the country, compounded by unilateral decision by station owners to shut their gates to motorists.

The new prices are between N488/L in Lagos and up to N550/L in the Northern parts of the country.

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