News Update: Petrol Price Set To hit N190 As Oil Nears $60

Just In: NNPC Reduces Petrol Pump Price To N108.00k Per Litre

by AnaedoOnline
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The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities.

Kennie Obateru the corporation’s Group General Manager, Group Public Affairs Division,late Wednesday in Abuja quoted the Managing Director of the Petroleum Products Marketing Company (PPMC), Musa Lawan, as saying that the new ex-depot price of Premium Motor Spirit (PMS), otherwise called petrol, reflects the company’s market strategy to make more sales while complying with the Petroleum Products Pricing Regulatory Agency’s (PPPRA) price template.

Lawan explained that the new price regime would enable PPMC to boost its sales volumes from the billions of litres of Petrol it has in storage while providing affordable price to millions of customers.

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He said the new price was arrived at after extensive review of market realities by the PPMC internal price review unit.

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The PPMC MD however, pointed out that Automotive Gas Oil (AGO), otherwise called diesel, being already deregulated, its prices are determined by market forces.

On March 18, 2020, the NNPC reviewed its PMS ex-coastal, ex-depot and NNPC Retail pump prices.

Thus, effective 19 March 2020, NNPC ex-coastal price for PMS was reviewed downwards from N117.6/litre to N99.44/litre while ex-depot price was reduced from N133.28/litre to N113.28/litre.

In Another Story Get Pregnant Out Of Wedlock, If You Are Still Single At…..– Actress

Nollywood actress, Sylvia Ukaatu is a happy single mother of one. A few days ago Sylvia’s baby girl marked her 6th birthday and the excited mum showered her with touching words.

“6yrs ago, I fell pregnant with my damsel, and friends advised that I should get rid of her and move on with my career. I asked myself which career will be better than having a child that I can call mine. Then I decided to keep her. Now, she has grown to someone I can gist with. Someone that I would look at and never back down on my pursuit for greatness,” she said.

Continuing, the Imo State-born actress also passed on her advice to most of her colleagues who are single, childless and about to hit menopause.

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