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The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as petrol which it said was obtained from the Dangote Refinery in its retail stations across the country.
In a statement on Monday, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, insisted that that PMS prices are no longer determined by the Nigerian government but are negotiated directly between the parties involved, in a fully commercialised process in line with the provisions of the Petroleum Industry Act (PIA).
The estimated prices shows that petrol obtained from Dangote Refinery will sell for N1,019/ litre in states like Borno and N950 in Lagos.
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