Skip to content

#FuelPriceHike: No increase in petrol depot price this month – NNPC insists

#FuelPriceHike: No increase in petrol depot price this month - NNPC insists

The Nigerian National PetroleumCorporation has insisted that there is no increment in the ex-depot price of Premium MotorSpirit also known as petrol this month despite a templatereleased by the PetroleumProducts Pricing Regulatory Agency that the new price of petrol has reached N212.6 perlitre.

The ex-depot price is the price at which the product is sold by the NNPC to marketers at thedepots.

The NNPC ruled out any increment in the ex-depot price on Friday in a terse tweet via its verified Twitter handle, @NNPCgroup.

RECOMMENDED FOR YOU:

“#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” it tweeted hours after the PPPRA released the template.

According to the template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketersusually use the upper band for pump price.

The expected ex-depot price, as seen in the template, is N206.42, while the landing cost is N189.61.

With ex-depot price standing at N206.42 per litre, the Marchtemplate shows that the landingcost for petrol per litre is N189.61.

Akewusolaf View All

Akewusolaf is an online Publication. I blog about News| Sports| Politics| Entertainment| Celebrity Gist| Health Tips| Gossip| Personality| Current Affairs| Quotes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

<span>%d</span> bloggers like this: