The Nigerian National Petroleum Corporation, NNPC, has again said there is no plan to increase price of premium motor spirit, PMS, also known as petrol.

In a statement by the Group General Manager, Public Affairs Division, of NNPC, Ndu Ughamadu, the corporation said the pump price of petrol remained N143 per litre in NNPC Retail outlets and N145 in other fuel stations, while maintaining PMS ex-depot price of N133.28k per litre to marketers.

“In the last few weeks, the corporation has increased its daily truck-outs of PMS per day to ensure petrol sufficiency across the states of the federation.

“Motorists and other consumers of petroleum products are assured that NNPC has a robust sufficiency of petroleum products to cater for their daily consumption.

Details: http://anstalk.com/increasing-fuel-price-not-option-nnpc/

Nice one

At 133 naira to marketers means, if they sell one 45 thousand litre tanker at 145 per litre they will make around 495.000.00 gain per tanker.

At 150 naira per litre they will make around 720.000.00 gain per tanker.

Why are they not satisfied with this?

Hope all these translates to concrete reality, not 143N on paper while black marketers will be selling at 250N because of scarcity of the said product.

But thought they said removing the subsidy initially, will bring down price of petroleum at the long-run since the money saved will be used to build refinaries..****

Just asking when will they start building?

Story for r gods

One thing for sure in Nigeria is that anything that goes up never drops.

hisgrace090:
At 133 naira to marketers means, if they sell one 45 thousand litre tanker at 145 per litre they will make around 495.000.00 gain per tanker.

At 150 naira per litre they will make around 720.000.00 gain per tanker.

Why are they not satisfied with this?

The question is why are some very stupid Nigerians still think Buhari is at fault for the scarcity, this thing was planned and sealed since October 2017 and yes they make enough profit apart from the depo price calculation you just did, buhari gives them special CBN rates

But still they just want to discredit Buhari and I know for sure PDP has a hand in it

GMBuhari:



The question is why are some very stupid Nigerians still think Buhari is at fault for the scarcity, this thing was planned and sealed since October 2017 and yes they make enough profit apart from the depo price calculation you just did, buhari gives them special CBN rates

But still they just want to discredit Buhari and I know for sure PDP has a hand in it

Good point.


Whosoever that is involve is too wicked.

Dos animals ll not like dis news because they hate gudnews.

uba1991:
Dos animals ll not like dis news because they hate gudnews.

lol