No Increase In Petrol Ex-Depot Price-NNPC
Confusion reigns supreme in the oil sector as the Nigerian National Petroleum Corporation (NNPC) has insisted that there is no increase in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol.
This is coming on the heels of the new template released by the Petroleum Products Pricing Regulatory Agency (PPPRA) for the month of March, which announced that the new price of petrol is now between N209.61 and N212.61 per litre.
However, NNPC, in a tweet, hours after the midnight release by the PPPRA, insisted that there was no any increment in the ex-depot price of petrol.
“#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” the corporation tweeted, hours after the PPPRA released the new template.
The ex-depot price is the price at which the product is sold by the NNPC to marketers at the depots and, according to the PPPRA, fuel depot owners will sell to marketers at N206.42, while the landing is N189.61 per litre.
