Business
NNPC Petrol Price Remains Unchanged at N940 Per Litre – IPMAN Clarfies
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated that the Nigerian National Petroleum Company (NNPC) has not reduced the price of premium motor spirit (PMS).
IPMAN’s spokesperson, Chinedu Ukadike, clarified that the ex-depot price of NNPC petrol remains N940 per litre, despite reports claiming a price drop to N860 in Lagos and Abuja.
When asked about the alleged price reduction, NNPC’s spokesperson neither confirmed nor denied the claims. A check on NNPC’s official X account also showed no announcement regarding a price change.
Ukadike emphasized that any adjustment in NNPC’s petrol price would typically be reflected on its portal for marketers, but as of now, there has been no such update.
“The ex-depot price of PMS is still N940 on NNPC’s portal. We have no information about any price reduction,” he said.
It has been noted that there is now an increase in fuel all around Nigeria, from … to 1000 plus in fuel stations.
It was also noted that Dangote Petroleum Refinery increased the price to 1,175 per litre and diesel has been increased to 1,620 per litre.
This new spike in fuel increase has caused Nigerians to lament widely, wondering why this change happened all of a sudden.
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
Beauty in Black Returns with More Twists and Drama
Singer Asake Turned Down Studying Abroad — Mother Reveals
Paul Merson Advises Mikel Arteta Ahead of Sunday’s Match
-
News7 hours agoOutrage as Officials Travel with President Tinubu During Crisis
-
Sport5 hours agoPaul Merson Advises Mikel Arteta Ahead of Sunday’s Match
-
Entertainment6 hours agoActor Kehinde Olasehinde “Pa James” Opens Up on Career Struggles
-
Entertainment3 hours agoBeauty in Black Returns with More Twists and Drama
-
Entertainment4 hours agoSinger Asake Turned Down Studying Abroad — Mother Reveals
-
Sport5 hours agoJoleon Lescott Backs Arsenal Ahead of Sporting Clash