By Halimah Olamide
Yet again, the Nigerian National Petroleum Company Limited (NNPC Ltd) has increased the pump price of Premium Motor Spirit also known as PMS to N1,030 per litre on Wednesday.
This development is coming after the company’s announcement terminating its exclusive purchase agreement with Dangote Refinery.
This however indicates that NNPC will no longer be the sole off-taker, therefore marketers can now negotiate prices directly with Dangote Refinery.
NPO Reports that the product was previously sold for N897 per litre in Abuja.
Meanwhile in Lagos, it was previously sold for N885 per litre, while it is now being sold at N998.