EconomyNewsNigeriaPoliticsRemoval of petrol subsidy: NNPC adjusts pump price of petrol to reflect ‘market realities’
The Nigerian National Petroleum Company, NNPC, Limited has adjusted the price of petrol, also known as premium motor spirit, PMS, across its retail outlets nationwide. In a press statement on Wednesday, Garba Deen Muhammad, the chief corporate communications officer of NNPC Ltd, said the adjustment is in line with market realities. Recall that President Bola Tinubu in his inaugural address on Monday had announced the removal of the petrol subsidy, saying that his administration will...