The corporation announced this in a statement signed by
its spokesman, Dr Kennie Obateru, in Abuja on Friday.
The ex-depot price is the amount at which the depot
owners sells the commodity to retail outlets owners and fuel
marketers across the country.
He said: “The correct prices, as can be seen on
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.”
Petroleum Products Marketing Company (PPMC) is a
subsidiary of the NNPC.
He advised marketers to make their purchases through
the online “Customer Express” platform
(PPMCCustomer.Express/login/authenticate) at the recommended
prices.
He faulted the widely circulated memo in the media
purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot
Price (with collection) to N130 and N155.17, respectively.
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“We wish to clarify that there was a slight
increase in the price based on the prevailing realities of market
forces of demand and supply,” he stated.
The News Agency of Nigeria ( NAN) reports that the PPMC
did not make public the October ex- depot price but in September,
it announced ex-depot price of N151.56k.
The November price of N153.17 has an increment of N1.61
from the September price.
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