Business
NNPC announces N153.17 ex-depot price for petrol
He said: “The correct prices, as can be seen on PPMC’s ‘Customer Express’ platform (online portal for procurement of petroleum products) are: Ex-Coastal Price – N128, and Ex-Depot Price (with collection) – N153.17.”
Petroleum Products Marketing Company (PPMC) is a subsidiary of the NNPC.
He advised marketers to make their purchases through the online “Customer Express” platform (PPMCCustomer.Express/login/authenticate) at the recommended prices.
He faulted the widely circulated memo in the media purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot Price (with collection) to N130 and N155.17, respectively.
“We wish to clarify that there was a slight increase in the price based on the prevailing realities of market forces of demand and supply,” he stated.
The News Agency of Nigeria ( NAN) reports that the PPMC did not make public the October ex- depot price but in September, it announced ex-depot price of N151.56k.
The November price of N153.17 has an increment of N1.61 from the September price.
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