Don’t sell petrol above N133.28 per litre, NNPC tells depot owners

• Insists Pump Price Of Petrol Remains N145 Per Litre
The Nigerian National Petroleum Corporation (NNPC), yesterday warned depot owners and terminal operators not to sell Premium Motor Spirit  (PMS) above N133.28k per litre, which is the official ex-depot price.

The Corporation also cautioned petroleum products retailers not to sell the product above N145 per litre.

According to the state-oil-firm, the ex-depot price is the ceiling at which depot owners or terminal operators sell products to marketers, while the pump price of a product is the amount consumers buy it from fuel stations.

The corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, said in a release that 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.

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.

He advised Nigerians 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.