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
logo11_prev_ui
  • 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
Fuel-Pump-2


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.

About The Author

Unity Times

See author's posts

Grow your business with us
Previous
Next
Share the Post:
Grow your Business
Grow your business with Us
ads
Subscription Ads
Related Posts
US Military2 (1)

US ENDS TWO-DECADE MILITARY PRESENCE IN IRAQ AS TROOPS COMPLETE WITHDRAWAL

Unity Times Foreign Desk The United States has formally ended its military mission in Iraq, completing a withdrawal

Read More
Super-Eagles8 (1)

Super Eagles Stunned 3–0 by Guinea-Bissau in AFCON Qualifier

UNITY TIMES SPORTS DESK Nigeria’s Super Eagles suffered a painful setback in their 2027 Africa Cup of Nations

Read More
Nigerian-National-Assembly-1 (1)

2025 Capital Budget Gets Fourth Extension as National Assembly Moves Deadline to December 31

UNITY TIMES POLITICAL DESK The National Assembly has approved another extension of the implementation period for the capital

Read More

Join Our Newsletter

logo11_prev_ui
Unity Times
Facebook-f Twitter
  • US ENDS TWO-DECADE MILITARY PRESENCE IN IRAQ AS TROOPS COMPLETE WITHDRAWAL

    US ENDS TWO-DECADE MILITARY PRESENCE IN IRAQ AS TROOPS COMPLETE WITHDRAWAL

    September 30, 2026 Breaking News, International News, Security
  • Super Eagles Stunned 3–0 by Guinea-Bissau in AFCON Qualifier

    Super Eagles Stunned 3–0 by Guinea-Bissau in AFCON Qualifier

    September 30, 2026 Breaking News, National, News, Sports
  • 2025 Capital Budget Gets Fourth Extension as National Assembly Moves Deadline to December 31

    2025 Capital Budget Gets Fourth Extension as National Assembly Moves Deadline to December 31

    September 30, 2026 Breaking News, National, News, Politics
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.