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