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Increase In Fuel Pump Price Inevitable-NNPC

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Petrol

The Nigerian National Petroleum Corporation (NNPC), has described as inevitable the plan to increase the pump price of petrol.

In a statement issued by the Group General Manager, Group Public Affairs Division, (NNPC), Dr. Kennie Obateru on Friday, November 13, he blamed the situation on the prevailing realities of market forces of demand and supply.

Contrary to the 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, NNPC argued that though that there was a slight increase in the price, 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.

It stated, “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.

“Marketers are advised to make their purchases through the online “Customer Express” platform at the recommended prices.”

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