Fuel Subsidy: NNPC adjusts pump prices amid market dynamics

Fuel Subsidy: NNPC adjusts pump prices amid market dynamics
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NNPC Limited has announced that it has adjusted the pump prices of Premium Motor Spirit (PMS), fuel, across its retail outlets to align with the prevailing market conditions.Fuel Subsidy: NNPC adjusts pump prices amid market dynamics

This was revealed in a statement signed by Garba Deen Muhammad, the Chief Corporate Communications Officer of the company.

This is coming just few days after President Bola Tinubu announced removal of fuel subsidy during his inauguration speech.

The statement emphasizes NNPC Limited’s commitment to providing quality service while acknowledging the inevitable fluctuations in prices due to market dynamics.

NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail outlets, in line with current market realities.” – the statement reads.

According to the statement, the decision to adjust the pump prices of PMS comes as NNPC Limited strives to maintain a seamless supply of petroleum products to meet the demands of its valued customers.

The statement further noted that company recognizes the importance of keeping the public informed about these changes and expresses regret for any inconvenience caused.

The statement also reassures customers that NNPC Limited remains committed to continuously supplying petroleum products across the nation.

As we strive to provide you with the quality service for which we are known, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics. We assure you that NNPC Limited is committed to ensuring a ceaseless supply of products.” – the statement said.

Garba Deen, however expressed gratitude to customers for their continued patronage, support, and understanding during this period of change and growth.

The company sincerely regrets any inconvenience this development may have caused. We greatly appreciate your continued patronage, support, and understanding during this time of change and growth.”

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