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The newly reported price list of Premium Motor Spirits (PMS) otherwise known as petrol across the state now N537
The report is coming as a ripple effect of the Nigerian government reportedly removed the fuel subsidy.
According to The Leadership, the Nigerian National Petroleum Company Limited (NNPC Ltd) has set new price of petrol in Abuja, Lagos, and Kano at N537, N488 and N540 per litre respectively.
The development which comes days after President Bola Ahmed Tinubu stated that the fuel subsidy is gone,
The pronouncements has, however, thrown the downstream sector of Nigeria’s petroleum industry into confusion.
The Authority Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Mr. Farouk Ahmed, whose agency regulates sector activities, is yet to react to the development.
Meanwhile, the President has scheduled a meeting with the Nigerian Labour Congress (NLC) over the removal of the fuel subsidy. The meeting will be held around 2:00 pm today, Wednesday, May 31, 2023.
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