#FuelPriceHike: No increase in ex-depot price____ NNPC insist

Following the widespread backlash that there is an increase in the pump price of petrol, the Nigerian National Petroleum Corporation has insisted that there is no increment in the ex-depot price for the month.

This is coming despite a template released by the Petroleum Products Pricing Regulatory Agency that the new price of petrol is N212.6 per litre.

However, according to a simultaneous tweet on Friday, the corporation insisted that there will be no increment in the ex-depot price of petrol.

READ ALSO: BREAKING: “Lori to” government and the new fuel price of N212.6 per litre

JUST IN:#NNPC Insists No Increase in Ex-Depot Price of PMS in March pic.twitter.com/IQ3S3EWVlM

— NNPC Group (@NNPCgroup) March 12, 2021

According to the template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. However, Nigerian marketers usually use the upper band for pump price