No increase in ex-depot price of PMS in March - NNPC

The Nigerian National Petroleum Corporation (NNPC) has insisted there is no increase in the ex-depot price of petrol in the month of March.

The corporation said this following the Petroleum Products Pricing Regulatory Agency (PPPRA)'s projection of the price of petrol at N212.11 per litre.

The NNPC stated its position in a tweet via its official handle sighted by Legit.ng on Friday, March 12, 2021.

The PPPRA had announced the N212.11 per litre price in its pricing template for the month of March.

The agency said it based the price on the average costs of imported petroleum products, adding that the ex-depot price will be N206.42, while the landing cost stands at N189.61 per litre.

Nevertheless, Nigerians still want the NNPC to issue a clearer and detailed statement regarding the development.

A Twitter user, Ayodele Daramola, @AyodeleDaramola, said in reaction to the NNPC's brief statement:

"You need to explain what you mean, PPPRA announced N209-212, pumps have been adjusted accordingly and yet you said no increase in ex-depot price. Please let's know what you mean, you need to break it down for us."

JUST IN:#NNPC Insists No Increase in Ex-Depot Price of PMS in March pic.twitter.com/IQ3S3EWVlM

— NNPC Group (@NNPCgroup) March 12, 2021