Skip to content
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
Download Magazine
NNPC Reduces Ex- Depot Price of PMS
  • May 7, 2020
  • Unity Times


The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities as well as in its operations.

A release on May 6, 2020, in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted the Managing Director of the Petroleum Products Marketing Company (PPMC), Musa Lawan, as saying that the new ex-depot price of Premium Motor Spirit (PMS), otherwise called petrol, reflects the company’s market strategy to make more sales while complying with the Petroleum Products Pricing Regulatory Agency’s (PPPRA) price template.

Lawan explained that the new price regime would enable PPMC to boost its sales volumes from the billions of litres of Petrol it has in storage while providing affordable price to millions of customers.

He said the new price was arrived at after extensive review of market realities by the PPMC internal price review unit.

The PPMC MD however pointed out that Automotive Gas Oil (AGO), otherwise called diesel, being already deregulated, its prices are determined by market forces.
On March 18, 2020, the NNPC reviewed its PMS ex-coastal, ex-depot and NNPC Retail pump prices.

Thus, effective 19 March 2020, NNPC ex-coastal price for PMS was reviewed downwards from N117.6/litre to N99.44/litre while ex-depot price was reduced from N133.28/litre to N113.28/litre.

Previous
Next
Share the Post:
Grow your Business
Grow your business with Us
Subscription Ads
Related Posts

National Assembly Summons Ribadu, Service Chiefs Over Rising School Abductions

Anietie Udobit, Abuja Growing concerns over insecurity in Nigeria’s educational sector have triggered fresh legislative intervention as the National Assembly

Read More

Tributes Pour In as Nigerian-British Singer Talay Riley Dies in London Stabbing

Anietie Udobit, Abuja The international music community is mourning the tragic death of Grammy-winning Nigerian-British singer and songwriter Talay Riley,

Read More

Real Madrid Florentino Pérez Re-Elected as Reports Link José Mourinho with Sensational Return

Anietie Udobit, Abuja Veteran football administrator Florentino Pérez has secured another term as President of Real Madrid following a decisive

Read More

Join Our Newsletter

Unity Times
Facebook-f Twitter
  • National Assembly Summons Ribadu, Service Chiefs Over Rising School Abductions

    National Assembly Summons Ribadu, Service Chiefs Over Rising School Abductions

    June 9, 2026 Breaking News, National, News, Security
  • Tributes Pour In as Nigerian-British Singer Talay Riley Dies in London Stabbing

    Tributes Pour In as Nigerian-British Singer Talay Riley Dies in London Stabbing

    June 8, 2026 Breaking News, Entertainment, International News, National, Security
  • Real Madrid Florentino Pérez Re-Elected as Reports Link José Mourinho with Sensational Return

    Real Madrid Florentino Pérez Re-Elected as Reports Link José Mourinho with Sensational Return

    June 8, 2026 Breaking News, International News, Sports
Get In Touch

Block 4, Wuse ll,

Abuja Nigeria

  • Email: office@unitytimesonline.com
  • Phone:
  • Hours: Mon-Fri 9:00AM - 5:00PM

© 2026 All Rights Reserved.