Oil and Gas

NNPC insists there is no increase in fuel price

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The Nigerian National Petroleum Corporation, NNPC has denied a price increase in the ex-depot price of Premium Motor Spirit (PMS) also known as petrol this month.

This was contained in a social media statement the NNPC made on Friday.

“#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” the corporation tweeted.

On Thursday night, the Petroleum Products Pricing Regulatory Agency, PPPRA, fixed the pump price of Premium Motor Spirit, PMS, also known as petrol, at N212.61 per litre, for the month of March.

The new price, according to the PPPRA’s PMS guiding price, released to stakeholders, is supposed to commence from March 1st and run till March 31st, 2021.
The PPPRA has deleted the price from its website after a lot of Nigerians condemned the price increase in Friday.

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