NNPC announces N153.17 ex-depot price for
petrol. (Newsghana)The Nigerian National Petroleum Corporation
(NNPC) has announced N153.17 ex-depot price
for Premium Motor Spirit (PMS) also known as
petrol for the month of November.
The corporation announced this in a statement
signed by its spokesman, Dr Kennie Obateru, in
Abuja on Friday.
The ex-depot price is the amount at which the
depot owners sells the commodity to retail outlets
owners and fuel marketers across the country.
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 *LPMC* 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.