NNPC raises petrol depot price, marketers to sell at N168-N170/litre
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre.
The PPMC, in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali, said the new ex-depot price would take effect from Friday.
The ex-depot price is the price at which the product is sold by the PPMC to marketers at the depots. The increase in the ex-depot price is expected to cause an increase in the pump price. The projected pump price is to range from N168 to N170 per litre.
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