The Nigerian National Petroleum Corporation,
NNPC, has reacted to the increment in the pump
price of petrol.
NNPC said the “slight increase” was due to
prevailing market forces of demand and supply.
Recall that the Petroleum Products Marketing
Company (PPMC) had increased the ex-depot
price of PMS, thereby leading to a hike in the
pump price of petrol.
However, NNPC in a statement by its Group
General Manager, Group Public Affairs Division,
Kennie Obateru confirmed PPMC’s statement.
Obateru issued the clarification in a statement
titled: “NNPC group Clarifies Increase in PMS Ex-
Coastal, Ex-Depot Price of PMS.”
The statement posted on NNPC verified Twitter
handle reads: “The NNPC has said it is aware of
a document widely circulating in the media
purporting an increase in the PPMC Ex-Coastal
Price and Ex-Depot Price (with collection) to N130
and N155.17 respectively and wishes to clarify
that although there was a slight increase in the
price based on the prevailing realities of market
forces of demand and supply, 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.
“A statement by the Group General Manager,
Group Public Affairs Division, Dr. Kennie Obateru,
advised Marketers to make their purchases
through the online “Customer Express” platform
(https://t.co/8b8Zb7HrXw) at the recommended
prices.”
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