National Petroleum Corporation (NNPC) has warned
The Nigerian National
Petroleum Corpor
find ation (NNPC) has warned depot owners or terminal operators not
to sell Premium Motor Spirit (PMS), popularly known as petrol, above the
official ex-depot price of N133.28k per litre.
The Corporation also
cautioned petroleum products marketers not to sell the product above N145 per
litre.
Ex-depot price is the
ceiling at which depot owners or terminal operators sell products to marketers,
while the pump
house price of a product is the amount consumers buy it from fuel
stations.
A release yesterday in
Abuja by the corporation’s Group General Manager, Group Public Affairs
Division, Mr. Ndu Ughamadu, said the subsisting ex-depot petrol price of
N133.28k per litre was consistent with the Petroleum Products Pricing
Regulatory Agency’s (PPPRA) template and should be adhered to.
Ughamadu stated that
NNPC held stock of over 1billion litres, adding that imports of 48 vessels of
50million l
business itres each have been committed for the month of April alone.
He advised Nigerians to
remain vigilant and volunteer information to the Department of Petroleum
Resources (DPR), the Industry regulator or to any law enforcement agency around
them, on any station which sells petrol beyond N145 per litre.
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