x

#FuelPriceHike: PPPRA makes a U-turn, deletes template announcing petrol price increase

In the wake of the outrage that greeted the increase in the price of Premium Motor Spirit also known as petrol, the Petroleum Products Pricing Regulatory Agency, on Friday, deleted an earlier published template announcing that the new price of petrol has reached N212.6 per litre.

The deletion came hours after the agency published the template on its website, http://pppra.gov.ng/pms-guiding-price-for-march-2021/, and after the Nigerian National Petroleum Corporation insisted that there was no increment in the ex-depot price of petrol.

The ex-depot price is the price at which the product is sold by the NNPC to marketers at the depots.

According to the (now deleted) template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers usually use the upper band for pump price.

Earlier released template by the PPPRA
The expected ex-depot price, as seen in the template, is N206.42, while the landing cost is N189.61.

With ex-depot price standing at N206.42 per litre, the March template (now deleted) showed that the landing cost for petrol per litre is N189.61.

But the PPPRA, in a seeming U-turn, deleted the template hours later. As of 9am on Friday, the template was still on the PPPRA’s website but when our correspondent checked at 10:30am, the template has been deleted. The website page showed ‘Page not found 404’.

The template page on PPPRA’s website as of 10:30 am on Friday
Details later…

Hot this week

Bimasa Residents Repel Bandits, Rescue Kidnapped Victims in Sokoto

By Muhammad Ibrahim, Sokoto Residents of Bimasa village in Tureta...

Eid-ul-Mawlid: Pray for Security, Peace of Our Nation, Bishop Adegbite Encourages Muslim Faithful

By Joyce Remi-Babayeju As Muslim faithful in Nigeria celebrate this...

Eid-el-Maulud: Gov. Ododo Prays for Peace, Prosperity in Kogi, Nigeria

By Noah Ocheni, Lokoja Kogi State Governor, Alhaji Ahmed Usman...

Oborevwori Urges NSC to Tackle Age Cheating as 9th NYG Ends in Asaba

By Anne Azuka Governor Sheriff Oborevwori of Delta State has...

Unlocking Africa’s Potential: FGN Strengthens Commitment to AfCFTA at IATF

By Oladosu Adebola Oluwaseun The Honourable Minister of Finance...

Speaker Abbas Moots Africa-Asia Trade, Investment Frameworks at Parliamentary Conference

...presents scorecard on gender inclusion, AI regulation bills, others By...

Insecurity: Enough is Enough – Ex-APC Chieftain Tells Tinubu

By Mike Odiakose, Abuja Obviously piqued by the seeming helplessness...

3.000 athletes jostle for honours at A”Ibom Sports Festival

By Ogenyi Ogenyi At least 3,000 athletes from across the...

FCTA Appoints Sabanti Nathan Acting Head of Service

By Joyce Remi-Babayeju Mrs. Nancy Sabanti Nathan, has been appointed...

Open Manhole: CSO Hails Lagos Govt’s Speedy Response

A civil society organization, Campaign for Dignity in Governance,...

NOA Encourages Nigerians to Embrace Literacy AsTool for National Identity, Social Cohesion

By Joyce Remi-Babayeju To commemorate the 2025 World Literacy Day,...

Related Articles

Popular Categories

spot_imgspot_img