FG declares new cost for petroleum

The Central Government has at last eliminated appropriation on premium engine soul (PMS) prevalently referred to as Petroleum as the Nigeria Public Petrol Organization (NNPC) Restricted on Wednesday morning authoritatively changed its siphon cost to N537 per liter in Abuja.

 

In Lagos State, NNPC Restricted presently sells fuel at N488 per liter at its station on Old Ota Street, Abule-Egba.

 

In Port Harcourt, NNPC is selling for N511 per liter.

NEWSFG reports new cost for petroleum

 

Distributed

 

 16 mins back

 

on

 

 May 31, 2023

 

By

 

 Doris Israel Ijeoma

 

The Central Government has at last eliminated appropriation on premium engine soul (PMS) prevalently referred to as Petroleum as the Nigeria Public Petrol Organization (NNPC) Restricted on Wednesday morning authoritatively changed its siphon cost to N537 per liter in Abuja.

 

In Lagos State, NNPC Restricted presently sells fuel at N488 per liter at its station on Old Ota Street, Abule-Egba.

 

In Port Harcourt, NNPC is selling for N511 per liter.

 

In Level Express, the Siphon cost is currently #537/liter at NNPC stations.

NNPC sources have affirmed the genuineness of this estimating layout for petroleum across the country.

NNPC is the sole provider of petroleum in Nigeria today and it is currently expected that different advertisers will take a line from the NNPC costs and change their own siphon value today.

Investigators say since NNPC has impacted different siphon costs for various urban communities, this might imply that has endowment gone as well as that the inefficient cost evening out instrument which guaranteed petroleum had a similar authority value all over Nigeria was likewise gone.

It is indistinct what FX conversion scale NNPC has used to show up at its siphon cost yet it very well may be around N600/$, Initiative reports.

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