BREAKING: Confusion, As NNPC Insists No Increase In ex-Depot Price Of PMS In March

The Nigerian National Petroleum Corporation (NNPC) has insisted that there is currently no increment in the ex-depot price of the Premium Motor Spirit released in the month of March.

BIGPENGR understands the insistence is coming against the backdrop of reports that the Petroleum Products Pricing Regulatory Agency (PPPRA), a subsidiary of NNPC had increased the pump price of petrol to N212.16 per litre.

NNPC announced its position on Friday morning via its Twitter handle.

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

— NNPC Group (@NNPCgroup) March 12, 2021

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Multiple reports in the media suggest that NNPC had consistently debunked plans to increase price of fuel anytime soon in the country.

But a document released by PPPRA and seen by BIGPENNGR Friday morning indicates that there is a new pump price of the product.

ALSO READ: Confusion As FG Jacks Up ex-Depot Price Of Petrol

PPPRA said the product will now sell between N209.61 and N212.61 for the month of March.

The document revealed that the product will be sold for N206.42 as ex-depot price (the amount it will be sold by depot owners to marketers).

It further revealed that the landing cost stands at N189.61 per litre.