Tag
FUEL PUMP PRICE
Fuel pump prices in Nigeria could see a reduction if global crude prices keep tumbling.
The Nigerian National Petroleum Company Limited (NNPCL) has said that it is not planning to increase fuel pump prices at its retail stations.
Head of Strategy and Public Affairs at Nairametrics, Uade Ahimie has said that the petrol pricing template under...
KPMG Nigeria has said that fuel pump prices have increased to 800 CFA ever since Nigeria put an end to its fuel subsidy regime.
Fuel pump prices in Nigeria have come a long way in the last 32 years, increasing from 70 kobo to the current N165 per litre.
The NNPC boss stated that the actual market price should be between N211 and N234/litre.
The inflation rate in Nigeria is largely driven by the cost of transportation.
NNPC has stated that the increase in the pump price of petrol is inevitable.
“After a review of prevailing market fundamentals in the month of May and considering marketers realistic operating costs as much as practicable, we wish to advise of a new PMS guiding pump price..."