#FuelPriceHike: NNPC Insist There’s No Plan To Increase Petrol Depot Price This Month

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Despite the hike in premium motor spirit, P.M.S, popular known as petrol, by the Petroleum Products Regulatory Agency, PPPRA, the Nigerian National Petroleum Corporation (NNPC) has confirmed that there is there won’t be increment in the ex-depot price of the petroleum product this month.

NNPC made this known in its verified Twitter handle, @NNPCgroup, today, Friday.

The tweet reads, “#NNPC Insists No Increase in Ex-Depot Price of PMS in March.” This is coming just hours after the Petroleum Products Regulatory Agency, PPPRA, released a template this month stating that the new price of P.M.S has reached an all high of N212.6 per litre.

See the tweet below;

The ex-depot price is the price at which the NNPC sells the product to marketers at the depots.

Recall that Kemi Filani had just reported that the Petrol Pricing Regulatory body had stated that the new price of petrol is now at N212.6 per liter in its newly released template of the month of March.

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Though NNPC had insisted that it does not have nay plan of increasing her petrol pump price, other petrol stations has begun selling at the new pump price given by the PPPRA.