The Nigerian National Petroleum Corporation (NNPC) has accepted knowledge of media report purporting increase in prices of petroleum product saying it is in line with current realities. NNPC revealed this in a press statement issued on Friday, November 13, by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru.
According to the statement, “The Nigerian National Petroleum Corporation (NNPC) is aware of a document widely circulating in the media purporting an increase in the PPMC Ex-Coastal Price and Ex-Depot Price (with collection) to N130 and N155.17 respectively.
“We wishes to clarify that although there was a slight increase in the price based on the prevailing realities of market forces of demand and supply, 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.
NNPC advised Marketers to make their purchases through the online “Customer Express” platform (PPMCCustomer.Express/login/authenticate) at the recommended prices.