Premium Motor Spirit (PMS), also referred to as gasoline, is now less expensive at all of the Nigerian National Petroleum Company’s (NNPC) retail locations across the country.
In Abuja, the price of gasoline at NNPC retail locations has decreased by N20 per liter, from N1,060 to N1,040.
On Saturday morning, the price adjustment became effective.
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Prices at independently operated filling stations, however, are still higher and vary by region, ranging from N1,115 to N1,120 per liter.
Stakeholders believe that more competitive fuel prices would soon result from local production from the Port Harcourt and Dangote refineries.
Dangote’s 650,000 barrels per day refinery, which started supplying goods to Nigerian and international markets, has joined production from the Port Harcourt refinery, which started in November.
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