The Nigerian National Petroleum Corporation (NNPC) has dismissed media reports insinuating planned increment in the ex-depot price of Premium Motor Spirit also known as petrol.
This is despite a template released by the Petroleum Products Pricing Regulatory Agency (PPPRA) that the new price of petrol has reached N212.6 per litre.
The ex-depot price is the price at which the product is sold by the NNPC to marketers at the depots.
The NNPC ruled out any increment in the ex-depot price on Friday in a terse tweet via its verified Twitter handle, @NNPCgroup.
It tweeted: “#NNPC Insists No Increase in Ex-Depot Price of PMS in March.”
The expected ex-depot price, as seen in the template, is N206.42, while the landing cost is N189.61.
With ex-depot price standing at N206.42 per litre, the March template shows that the landing cost for petrol per litre is N189.61.
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