Tag: Petrol Prices Currently Fixed By Market Forces – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has claimed that the fluctuating prices of Premium Motor Spirit (PMS) are determined by “unrestricted free market forces” as stipulated in the Petroleum Industry Act (PIA), 2021. This was contained in a press statement issued by Olufemi Soneye, Chief Corporate Communications Officer, on Thursday. The NNPCL quoting the…