In a development that will annoy millions of Nigerians, NNPC Limited has confirmed the full deregulation of the downstream sector of the Nigerian Petroleum Industry.
Politics Nigeria reports that this follows the removal of subsidy.
This was disclosed by NNPC in a statement by its Chief Corporate Communications Officer, Garba Deen Muhammad on Wednesday.
According to him, pump price at its retail stations have been adjusted.
The statement read:
“NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump price of PMS across our retail outlets, in line with the current market
“As we strive to provide you the quality service we are known for, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.
“We assure you that NNPC Ltd. is committed to ensuring ceaseless supply of products.
“The Company sincerely regrets any inconvenience this development might have caused.
“We greatly appreciate your continued patronage, support and understanding through this time of change and growth”.