NNPC Explains Increase In Fuel Price

NNPC Explains Increase In Fuel Price

The Nigerian National Petroleum Corporation (NNPC) has said that the increase in the pump price of petrol, based on the prevailing realities of market forces of demand and supply, is inevitable.

A statement by the Group General Manager, Group Public Affairs Division, NNPC, Dr. Kennie Obateru on Friday, said the correct prices, as can be seen on the PPMC’s “Customer Express” platform (online portal for procurement of petroleum products) are: Ex-Coastal Price – N128, and Ex-Depot Price (with collection) – N153.17.

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The corporation advised Marketers to make their purchases through the online “Customer Express” platform

(PPMCCustomer.Express/login/authenticate), at the recommended prices.

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The new increase in the price has attracted criticism from some sections of the public.

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