The Nigerian National Petroleum Corporation (NNPC) says oil marketers will be able to buy petrol at N153.17 per litre on its customer express platform.
This is according to a statement by Kennie Obateru, the group general manager of NNPC group public affairs division.
“The Nigerian National Petroleum Corporation (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,” the statement read.
The corporation also “advised marketers to make their purchases through the online Customer Express platform (PPMCCustomer.Express/login/authenticate) at the recommended prices.”
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TheCable had earlier reported that Petroleum Products Marketing Company, a subsidiary of the NNPC, increased the depot price of petrol to N155.17 from N147.67 per litre.
Reacting to the development, Abubakar Maigandi, national vice president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), said the association has directed members to sell at N170 per litre.
“The PPPMC, last midnight, told us that the ex-depot price is now N155.17 per litre. We have directed our marketers to sell for N170 per litre,” he said.
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Featured image: Mele Kyari, NNPC group managing director
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