In a statement released on Wednesday, NNPC Limited, the Nigerian National Petroleum Corporation, has announced the complete deregulation of the downstream sector of the Nigerian Petroleum Industry.
This means that the price of petrol will now be determined by market forces, following the removal of subsidy by President Bola Tinubu. NNPC further stated that the pump prices at its retail stations have been modified accordingly.
read more https://www.vanguardngr.com/2023/05/breaking-nnpc-confirms-increase-in-fuel-pump-price/
source Vanguard