Nigeria’s PPMC fixes ex-depot prices of petrol, kerosene, diesel

*New prices come into effect from August 5 ─PPMC Sales Manager

*Yet to release monthly pricing modulation for petroleum products for August

Alexander Davis | ConsumerConnect

The Petroleum Products Marketing Company (PPMC), a downstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre.

The industry regulator stated this in a memo Mohammed Bello, Manager, Sales at PPMC, signed in Abuja, FCT, Tuesday, August 4.

Agency report says the ex-depot price is the price at which depot owners sell the commodity to retail outlets.

The new price would come into effect from August 5, stated the report.

The PPMC also put the ex-coastal price of the commodity, which is the price at which the product is sold to depot owners, at N113.70 per litre.

The ex-depot price for automotive gasoline oil (AGO), also known as diesel, was fixed at N160 per litre and N165 per litre, for depots in Lagos and Oghara respectively.

It further fixed the ex-depot price for kerosene at N160 per litre.

The Petroleum Products Pricing for Regulatory Agency (PPPRA), according to report, has yet to release the monthly pricing modulation for petroleum products for August.

The pricing modulation determines the pump price that the products will be sold to motorists.

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