The Nigerian National Petroleum Corporation (NNPC) on Friday said the “slight increase” in the ex-coastal price and ex-depot price of Premium Motor Spirit, popularly known as petrol, is due to the fluctuating realities of demand and supply.
The NNPC’s position was made known in a statement signed by its spokesman, Kennie Obateru.
The corporation said the correct prices, as seen on the Pipelines and Product Marketing Company’s online portal for procurement of petroleum products are: N128 for Ex-Coastal Price and N153.17 and Ex-Depot Price (with collection).
Obateru further advised petrol marketers to make their purchases through the online PPMC platform at the recommended prices.
The ex-coastal and ex-depot prices are expected to impact on pump prices nationwide. (Channels TV)
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