NNPC Limited adjusts pump prices of PMS in line with market realities

By: Ogunleye Oluwapelumi

NNPC Limited, the state-run oil company of Nigeria, has adjusted the pump prices of PMS (Premium Motor Spirit) across its retail outlets. The move is in line with current market realities, and the company assures customers of its commitment to ensuring a continuous supply of products. The price adjustment comes as Nigeria continues to grapple with economic challenges, including inflation and currency devaluation.

The NNPC Limited’s price adjustment is expected to have a ripple effect on the Nigerian economy, as PMS is a key commodity and is used in a wide range of industries. The move has been met with mixed reactions from Nigerians, with some expressing concern about the impact on their daily lives, while others have welcomed the move as a necessary step to address the country’s economic challenges.

The Nigerian government has been working to address the country’s economic challenges, including by implementing a range of reforms aimed at boosting growth and reducing inflation. The NNPC Limited’s price adjustment is expected to be part of these efforts, and the government has indicated that it will continue to take steps to support economic growth and development in Nigeria.