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New pump price: NNPC says N128 is ex-coastal price, N153.17 ex-depot price, not N130 and N155.17

“We are aware of a 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.”

 

The Nigerian National Petroleum Corporation (NNPC) has clarified that the new petroleum products prices are N128 ex-coastal and N153.17 as ex-depot and not N130 and N155.17 respectively as being widely circulated.

NNPC said: 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.
“We are aware of a 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.”

“We wish to clarify that although there was a slight increase in the price based on the prevailing realities of market forces of demand and supply,” it said in a statement by the Group General Manager, Group Public Affairs, Dr Kennie Obateru, emailed to Persecondnews.
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