Connect with us

Nigeria In One Minute

Despite NNPC’s Massive Importation, Marketers Still Sell Petrol Above Official Ex-depot Price

Published

on

Despite the flooding of the Nigerian market with petrol by the Nigerian National Petroleum Corporation (NNPC), which has led to the sale of the product at official pump price, some depot owners are still selling above the official ex-depot price, THISDAY’s investigation has revealed.

THISDAY gathered at the weekend that while filling stations were selling at pump price of N140 –N145 per litre, which comply with the retail price band of N135 – N145 set by the Petroleum Products Pricing Regulatory Agency (PPPRA), most of the depot owners were yet to revert to the N123.28 – N133.28 indicative ex-depot price set by the pricing agency.

It was gathered that apart from the major oil marketers, about 12 other depots had stock of petrol at the weekend.

The major marketers include: Oando Plc, Total Nigeria Plc, Mobil, Forte Oil, Conoil, and MRS.

THISDAY, May 7, 2018

 

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now