In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from ₦117.6/litre to ₦99.44/litre while Ex-Depot price is reduced from ₦133.28/litre to ₦113.28/litre.

These reductions will therefore translate to ₦125/litre retail pump price.

Despite the obvious cost implication of this immediate adjustment to the Corporation, NNPC is delighted to effect this massive reduction of ₦20/litre for the benefit of all Nigerians.

Accordingly, all NNPC Retail stations nationwide have been directed to change the retail pump price to ₦125/litre.

Mele K. Kyari
Group Managing Director, NNPC, Abuja.
18th March 2020