EXCLUSIVE: New petrol prices take effect as NNPC quits off-taker role

An upward review of petrol pricing will become effective at the retail stations of the Nigerian National Petroleum Company (NNPC Retail) and other independent outlets on Wednesday, PREMIUM TIMES has learnt.

Sources familiar with the development told PREMIUM TIMES Wednesday morning that the NNPC and other marketers are adjusting prices at their pumps to reflect the actual cost of petrol at Dangote Refinery.

The recent development comes after the NNPC decided to terminate its exclusive purchase agreement with Dangote Refinery.