#FuelPriceHike: No Increase In Depot Price Of Fuel In March, Insists NNPC

#FuelPriceHike: No Increase In Depot Price Of Fuel In March, Insists NNPC

The Nigerian National Petroleum Corporation (NNPC) on Friday insisted that there is no increment in the ex-depot price of Premium Motor Spirit (PMS) also known as petrol this month.

NNPC announced this via a post on their official Twitter handle @NNPCgroup.

“#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” it simply tweeted.

This was in reaction to the trend on social media with the hashtag #FuelPriceHike with users reacting to a template released by the Petroleum Products Pricing Regulatory Agency (PPRA) showing that the new price of petrol has reached N212.6 per litre.

According to the template which the PPPRA released on Friday midnight and later deleted, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61.

NNPC in the tweet, on Friday, ruled out any increment in the ex-depot price simply tweeting that, “#NNPC Insists No Increase in Ex-Depot Price of PMS in March.”

The NNPC had earlier promised that the petrol price would remain static in March to allow smooth negotiations between the government and labour unions.