Report Depot Owners Selling Petrol Above N133.28k To DPR — NNPC

… Says Pump Price of Petrol Remains N145 Per Litre

The Nigerian National Petroleum Corporation (NNPC) has warned depot owners or terminal operators not to sell Premium Motor Spirit, otherwise called 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, according to the corporation’s Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, 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.

The NNPC also advised motorists and other consumers of petroleum products 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. 

Mr. Ughamadu stated that NNPC held stock of over 1billion litres, adding that imports of 48 vessels of 50million litres each have been committed for the month of April alone.