Contrary to news reported earlier, NNPC (Nigerian National Petroleum Corporation) has insisted there is no increment in the ex-depot price of petrol.
This is despite the template released by the Petroleum Products Pricing Regulatory Agency (PPPRA), stating that the new price of Premium Motor Spirit (PMS), commonly known as petrol has reached N212.6 per litre.
Following the NNPC report, the template was deleted by the PPPRA.
On that note, the ex-depot price is the price at which the product is sold by the NNPC to marketers at the depots.
The rule out of price increment by NNPC, was done via their official Twitter account; @NNPCGroup
The tweet reads: “#NNPC Insists No Increase in Ex-Depot Price of PMS in March.”
The expected ex-depot price, as seen in the template, is N206.42, while the landing cost is N189.61.