Subsidy: NNPCL announces new petrol price template

The Nigerian National Petroleum Company Limited (NNPCL) has jerked up pump prices of petrol (PMS) by over 200 per cent bringing the price of fuel to between N488 and N557 per litre, The Nation has gathered.

A new pricing template purportedly sent to marketers by the NNPCL management to oil marketers late yesterday, a copy of which was obtained by The Nation, directed that the new price adjustment come into effect from today.

From the new price template, Lagos State has the least price of N488 per litre while Maiduguri and Damaturu have the highest pump prices of N577 per litre.

The new NNPCL price template is applicable only to NNPCL retail outlets.

See the template below: